Form 4: nVent Electric CEO Beth Wozniak Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Beth Wozniak, Chair & CEO of nVent Electric plc, reports changes in beneficial ownership due to tax obligations related to settled performance share units and vested restricted stock units.
Summary
- On March 5, 2024, Beth Wozniak, Chair & CEO of nVent Electric plc, reported changes in her beneficial ownership of ordinary shares.
- 8,383 shares were disposed of to cover taxes related to the settlement of performance share units at a price of $68.29 per share, resulting in a holding of 8,756.1505 shares.
- An additional 6,149 shares were disposed of to cover taxes related to the vesting of restricted stock units at a price of $68.29 per share, resulting in a holding of 15,395.1505 shares.
- Wozniak directly owns 56,883 restricted stock units.
- Wozniak indirectly owns 436,569.511 ordinary shares through a deferral plan managed by a plan agent.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports required transactions related to executive compensation and tax obligations.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they are related to internal executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of the transactions involving the disposal of ordinary shares. |
| 03/07/2024 | Date of signature for the Form 4 filing. |
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