SEC Form 4 · accession 0001567619-19-000609
nVent Electric plc · NVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael B Faulconer
Officer — President - Thermal Management
Period of report
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 5:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001720635
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares - Restricted Stock UnitsF2,F3 | Jan 2, 2019 | A | 5,831 | $0.00 | A | 13,575 | D | |
| Ordinary SharesF2,F5 | Jan 2, 2019 | F | 1,006 | $22.51 | D | 3,463 | D | |
| Ordinary Shares - ESOPF3 | holding | — | — | — | 127 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F7 | $22.51 | Jan 2, 2019 | A | 28,264 | A | — | Jan 2, 2029 | Ordinary Shares | 28,264 | 28,264 | D |
Explanation of responses
- F1Restricted stock units granted pursuant to and subject to a vesting condition of the nVent Electric plc 2018 Omnibus Incentive Plan. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting.
- F2End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
- F3End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transaction not required to be reported pursuant to Section 16(a).
- F4Shares surrendered to pay taxes applicable to vesting of restricted stock units.
- F5End-of-period holdings include monthly purchase(s) under the nVent Electric plc Employee Stock Purchase Plan (ESPP) in exempt transaction(s) pursuant to Rule 16b-3(c).
- F6Employee stock option granted under the nVent Electric plc 2018 Omnibus Incentive Plan.
- F7One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.