SEC Form 4 · accession 0001567619-19-000627
nVent Electric plc · NVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas F Pettit
Officer — See Remarks below
Period of report
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 6:12 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 | Jan 2, 2019 | A | 2,777 | $0.00 | A | 37,014 | D | |
| Ordinary SharesF2 | Jan 2, 2019 | F | 1,106 | $22.51 | D | 12,985 | D |
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)F5 | $22.51 | Jan 2, 2019 | A | 13,459 | A | — | Jan 2, 2029 | Ordinary Shares | 13,459 | 13,459 | 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.
- F3Shares surrendered to pay taxes applicable to vesting of restricted stock units.
- F4Employee stock option granted under the nVent Electric plc 2018 Omnibus Incentive Plan.
- F5One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.
Remarks
Executive Vice President and Chief Integrated Supply Chain Officer