Form 4: nVent Electric Director Randall J. Hogan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Randall J. Hogan reports the surrender of shares to cover taxes related to vesting restricted stock units, resulting in an updated beneficial ownership of 10,245 ordinary shares.
Summary
- On May 17, 2024, Randall J. Hogan, a director of nVent Electric plc, reported a transaction involving ordinary shares.
- 1,547 shares were disposed of at a price of $80.01 to cover taxes related to the vesting of restricted stock units.
- Following the transaction, Hogan's beneficial ownership of ordinary shares is 10,245.
- The reported transaction was filed on May 20, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment to the director's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction: Shares surrendered to pay taxes applicable to vesting of restricted stock units. |
| 05/20/2024 | Date of report filing. |
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