Heath Lynnette R 4
Research Summary
AI-generated summary
nVent (NVT) EVP Lynnette R. Heath Receives Awards
What Happened
Lynnette R. Heath, EVP & Chief HR Officer of nVent Electric plc, was granted equity awards on March 2, 2026. The filing shows 1,871 restricted stock units (RSUs) and 4,522 derivative awards (employee stock options) were acquired as awards (transaction code A) at a reported acquisition price of $0.
Key Details
- Transaction date: March 2, 2026 (Form 4 filed March 3, 2026).
- Awards granted: 1,871 RSUs (F1) and 4,522 option-related awards (F2/F3). Reported acquisition price: $0.
- Shares owned after the transaction: not disclosed in the Form 4 filing.
- Footnotes: F1 — RSUs granted under the 2018 Omnibus Incentive Plan; each RSU equals one share on vesting and vest one‑third on each of the first, second and third anniversaries of March 5, 2026. F2 — employee stock option grant under the same plan. F3 — one‑third of the options become exercisable on the first, second and third anniversaries of March 5, 2026.
- Filing timeliness: Filed the next day (appears timely under Form 4 rules).
Context
These were grants, not open-market purchases or sales. RSUs convert to company shares only as they vest; the option awards grant the right to buy shares later per the stated vesting/exercise schedule. Grants are routine compensation for executives and do not necessarily signal immediate buying or selling intent.