Wacker Randolph A. 4
Research Summary
AI-generated summary
nVent (NVT) SVP Randolph A. Wacker Receives Award
What Happened
Randolph A. Wacker, SVP & Chief Accounting Officer of nVent Electric plc, received awards on March 2, 2026: 728 shares and 1,759 restricted stock units (RSUs). Both items are reported as grants (code A) with an acquisition price of $0.00. The 1,759 RSUs are derivative awards that represent a right to receive shares upon vesting.
Key Details
- Transaction date: 2026-03-02; Form 4 filed 2026-03-03 (timely filing).
- Grants reported: 728 shares @ $0.00 (acquired); 1,759 RSUs @ $0.00 (acquired, derivative).
- Vesting (footnote F1): RSUs vest one‑third on each of the first, second and third anniversaries of March 5, 2026.
- End-of-period/deferral (F2, F3): Filing notes deferral of vested RSUs and that shares will be delivered per the reporting person’s irrevocable deferral election.
- Additional notes (F4, F5): Filing references employee stock options under the 2018 Omnibus Incentive Plan and a similar one‑third annual vesting schedule for options.
- Shares owned after the transaction: not specified in this filing.
Context
These entries are awards of equity compensation (RSUs and shares), not open‑market purchases or sales. RSUs are rights to receive shares if and when they vest, so they do not represent an immediate cash purchase or sale. The grants follow the company’s omnibus plan and include a multi‑year vesting schedule; delivery may be subject to the executive’s deferral election.