BURRIS JERRY W 4
Research Summary
AI-generated summary
nVent (NVT) Director Jerry Burris Exercises Options, Sells Shares
What Happened
Jerry W. Burris, a director of nVent Electric plc, exercised 5,244 stock options on Feb 6, 2026 at an exercise price of $19.57 per share (total exercise cost ~$102,625) and immediately sold the 5,244 shares in an open-market sale at $112.27 per share for gross proceeds of ~$588,744. This sequence—exercise followed by an immediate sale—is typically a cashless exercise plus sale, resulting in approximate pre-tax proceeds of $588,744 minus the $102,625 exercise cost (≈ $486,119).
Key Details
- Transaction date: 2026-02-06 (filed on Form 4 2026-02-09; filing appears timely).
- Exercise: 5,244 shares acquired at $19.57 each, total ~$102,625 (transaction code M).
- Sale: 5,244 shares sold in open market at $112.27 each, total ~$588,744 (transaction code S).
- Additional derivative entry: a related derivative conversion/disposition of 5,244 shares at $0.00 also reported (administrative/derivative conversion entry).
- Footnotes: Transaction effected under a Rule 10b5-1 trading plan adopted Nov 6, 2025 (F1). End-of-period holdings include dividend reinvestment plan shares (F2). The option was fully exercisable (F3).
- Shares owned after transaction: not specified in the reported excerpts.
Context
Because the exercise and sale occurred on the same day and the filing notes a 10b5-1 plan, this appears to be a pre-arranged, routine disposal rather than an ad hoc sale. For retail investors, purchases by insiders are generally more informative about bullish conviction; this filing documents a planned exercise and sale that generated substantial cash to the insider but does not by itself indicate a change in company outlook.