CRAIG ARNOLD - 22 Feb 2023 Form 4 Insider Report for Eaton Corp plc (ETN)

Role
Chief Executive Officer of Eaton Corporation, a subsidiary of the Issuer., Director
Signature
/s/ Lizbeth L. Wright, as Attorney-in-Fact
Issuer symbol
ETN
Transactions as of
22 Feb 2023
Transactions value $
-$1,008,270
Form type
4
Filing time
24 Feb 2023, 19:30:29 UTC
Previous filing
04 Nov 2022
Next filing
27 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETN Ordinary Shares Award $0 +89,089 +19.34% $0 549,767 22 Feb 2023 Direct F1
transaction ETN Ordinary Shares Options Exercise $0 +5,372 +0.98% $0 555,139 22 Feb 2023 Direct
transaction ETN Ordinary Shares Tax liability -$448,200 -2,609 -0.47% $171.79 552,530 22 Feb 2023 Direct
transaction ETN Ordinary Shares Options Exercise $0 +6,722 +1.22% $0 559,252 23 Feb 2023 Direct
transaction ETN Ordinary Shares Tax liability -$560,069 -3,264 -0.58% $171.59 555,988 23 Feb 2023 Direct
holding ETN Ordinary Shares 184 22 Feb 2023 by trustee of ESP F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ETN Restricted Stock Units Options Exercise $0 -5,372 -33% $0 10,908 22 Feb 2023 Ordinary Shares 5,372 $0 Direct F2, F3
transaction ETN Stock Option Award $0 +62,000 $0 62,000 23 Feb 2023 Ordinary Shares 62,000 $172.78 Direct F4
transaction ETN Restricted Stock Units Award $0 +17,320 $0 17,320 23 Feb 2023 Ordinary Shares 17,320 $0 Direct F3, F5
transaction ETN Restricted Stock Units Options Exercise $0 -6,722 -49.25% $0 6,926 23 Feb 2023 Ordinary Shares 6,722 $0 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired upon the vesting of performance share awards.
F2 These restricted stock units were granted on February 22, 2022 and vest as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer.
F3 This field is not applicable.
F4 These stock options become exercisable as follows: 33% on the first and second anniversary of the date of the grant and the remaining 34% on the third anniversary of the date of the grant.
F5 These restricted stock units were granted on February 23, 2023 and vest as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer.
F6 These restricted stock units were granted on February 23, 2021 and vest as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer.
F7 These ordinary shares are held in the Eaton Savings Plan.

Remarks:

Chief Executive Officer of Eaton Corporation, a subsidiary of the Issuer.