Wacker Randolph A. 4
Research Summary
AI-generated summary
nVent (NVT) SVP Randolph A. Wacker Surrenders 2,345 Shares for Taxes
What Happened
Randolph A. Wacker, SVP & Chief Accounting Officer of nVent Electric plc (NVT), surrendered a total of 2,345 shares to cover tax withholding on vested equity awards. The dispositions were recorded as: 1,831 shares at $110.55 each (value $202,417) and 514 shares at $110.55 each (value $56,823), totaling $259,240. These were tax-withholding dispositions (transaction code F), not open-market sales.
Key Details
- Transaction dates: March 5, 2026; Form 4 filed March 9, 2026 (timely — within required business-day window).
- Prices and amounts: 1,831 shares @ $110.55 = $202,417; 514 shares @ $110.55 = $56,823; combined 2,345 shares = $259,240.
- Transaction code: F — shares surrendered to satisfy tax withholding on settlement/vesting of equity awards.
- Footnotes indicate: shares surrendered to pay taxes on performance share units and restricted stock units (F1, F3); end-of-period holdings reflect vesting/deferral elections (F2, F4, F5, F6).
- Shares owned after the transaction: not specified in the provided filing excerpt; filing notes deferral/vesting treatment rather than a market sale.
Context
This was a routine tax-withholding action associated with the vesting/settlement of equity awards (PSUs/RSUs). Such surrender-dispositions are administrative and do not necessarily signal a view on the company’s stock; they differ from open-market sales or buys.