Padmanabhan Aravind 4

What Happened

• Padmanabhan Aravind, EVP & Chief Technology Officer of nVent Electric plc, exercised 15,942 option-derived shares and immediately sold those shares in an open-market transaction. He paid $33.43 per share to exercise (cost ~$532,941) and sold the 15,942 shares at $174.00 per share for total gross proceeds of $2,773,908. The filing also shows a related derivative entry for 15,942 shares at $0 with delivery subject to an irrevocable deferral election.

Key Details

• Transaction date: 2026-05-11 (filed 2026-05-12 — timely)
• Exercise: 15,942 shares at $33.43 per share; total exercise cost ≈ $532,941 (code M)
• Sale: 15,942 shares at $174.00 per share; total proceeds ≈ $2,773,908 (code S)
• Additional derivative line: 15,942 shares shown at $0 — shares to be delivered per irrevocable deferral election (footnote F2)
• Option status: option is presently exercisable in full (footnote F3)
• End-of-period holdings: filing notes include shares from a dividend reinvestment plan exempt from Section 16(a) reporting (footnote F1); total post-transaction holdings not specified in the Form 4 summary

Context

• This was effectively a same-day exercise and sale (cashless-style outcome): exercised options, then sold the resulting shares in the open market. The transaction generated gross proceeds of about $2.77M against an exercise cost of about $533K; actual net proceeds depend on taxes and withholdings. The derivative/zero-dollar line and footnote F2 indicate some shares may be subject to a deferral election rather than immediate delivery.