Form 4: Eaton Corp PLC: Executive Paulo Ruiz Sternadt Reports Stock Transactions
SEC Form 4 Filing
Paulo Ruiz Sternadt, a director and officer at Eaton Corp PLC, reported the acquisition and disposal of ordinary shares and restricted stock units on February 24, 2025.
Summary
- On February 24, 2025, Paulo Ruiz Sternadt, President and Chief Operating Officer of Eaton Corporation, reported transactions involving Eaton Corp PLC ordinary shares and restricted stock units.
- Sternadt acquired 555 ordinary shares through the vesting of restricted stock units and another 865 shares through the vesting of additional restricted stock units.
- Simultaneously, Sternadt disposed of 173 shares to cover tax obligations at a price of $302.21 per share, and another 259 shares for the same reason and at the same price.
- Following these transactions, Sternadt directly owns 19,113 ordinary shares.
- He also holds 891 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice and doesn't necessarily indicate a significant event for the company.
Key Dates
| Date | Description |
|---|---|
| 02/22/2022 | Date restricted stock units were granted, vesting 33% on the first and second anniversary and 34% on the third anniversary. |
| 02/22/2023 | Date restricted stock units were granted, vesting 33% on the first and second anniversary and 34% on the third anniversary. |
| 02/24/2025 | Date of the reported transactions: acquisition and disposal of ordinary shares and restricted stock units. |
| 02/25/2025 | Date of signature of the report. |
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