Form 4: nVent Electric Director Jerry W. Burris Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Jerry W. Burris reports acquisition of restricted stock units and disposition of shares to cover tax obligations.
Summary
- On May 17, 2024, Jerry W. Burris, a director of nVent Electric plc, reported changes in beneficial ownership of the company's securities.
- Burris acquired 1,875 ordinary shares through restricted stock units at a price of $0.
- Additionally, Burris disposed of 1,547 ordinary shares at a price of $80.01 to cover taxes related to the vesting of restricted stock units.
- Following these transactions, Burris beneficially owns 45,040 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction: acquisition of restricted stock units and disposition of shares for tax obligations. |
| 05/20/2024 | Date of signature by Attorney-in-Fact. |
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