Corona Gary Louis 4
Research Summary
AI-generated summary
nVent (NVT) CFO Gary Corona Surrenders 4,670 Shares for Taxes
What Happened
- Gary L. Corona, Chief Financial Officer of nVent Electric plc, disposed of 4,670 shares on 2026-04-10 by surrendering them to cover tax withholding related to the vesting of restricted stock units (RSUs). The shares were valued at $130.56 each, for a total of approximately $609,715. This was a tax-withholding disposal (not an open-market sale).
Key Details
- Transaction date: 2026-04-10; Filing date: 2026-04-13 (Form 4 filed timely).
- Shares surrendered/disposed: 4,670 at $130.56 per share; total value ≈ $609,715.
- Transaction code: F — shares surrendered to satisfy tax withholding on vesting.
- End-of-period holdings: reflect the vesting of RSUs previously reported (see footnote F2); the Form 4 does not report an open-market sale.
- Footnotes: F1 explains shares were surrendered to pay taxes on RSU vesting; F2 notes end-of-period holdings reflect previously reported RSU vesting.
Context
- This is a routine tax-withholding event tied to RSU vesting rather than a discretionary sale; such disposals are common and do not necessarily indicate the insider’s view on the stock. For retail investors, purchases are generally more informative about insider sentiment than automatic withholding disposals.