Heath Lynnette R 4
Research Summary
AI-generated summary
nVent (NVT) EVP Lynnette R. Heath Receives 10,186-Share Award
What Happened Lynnette R. Heath, EVP & Chief Human Resources Officer of nVent Electric plc (NVT), was issued 10,186 shares on February 15, 2026 as the settlement of performance share units (transaction coded as an acquisition/award). The shares were reported at $0.00 per share because they were granted/settled as compensation (not bought), so the filing shows $0 total consideration. The Compensation Committee certified achievement of the performance goals for the 2023–2025 performance period on February 15, 2026.
Key Details
- Transaction date: February 15, 2026; Form 4 filed February 17, 2026 (timely filing; no late-filing flag).
- Transaction type/code: Award/settlement of performance share units (code A).
- Shares involved: 10,186 shares issued/settled; reported price $0.00 (compensation award).
- Shares owned after transaction: Not specified as a total in the provided summary; end-of-period holdings referenced in the filing include additional shares from ESPP purchases and dividend reinvestment.
- Footnotes of note:
- F1: Settlement of PSU awards earned for the performance period ended Dec 31, 2025 after certification by the Compensation Committee (Feb 15, 2026).
- F2: End-of-period holdings include monthly ESPP purchases (exempt under Rule 16b-3(c)).
- F3: End-of-period holdings include shares from the dividend reinvestment plan (transactions not required to be reported under Section 16(a)).
- F4: Some shares will be delivered according to the reporting person’s irrevocable deferral election.
Context This was a compensation settlement of performance-based equity rather than an open-market purchase or sale, so it represents awarded pay tied to company performance rather than a direct bullish or bearish trade by the insider. The filing indicates certification of performance targets for the 2025 period and possible deferral of delivery per the insider’s election.