DUCKER MICHAEL L 4
Research Summary
AI-generated summary
nVent (NVT) Director Michael Ducker Receives Award, Surrenders Shares
What Happened
- Michael L. Ducker, a director of nVent Electric plc, had 976 restricted stock units (RSUs) vest on 2026-05-15 (reported as an Award, code A). Simultaneously, 602 shares were surrendered (code F) to satisfy tax withholding at a price of $169.01 per share, equal to $101,744. The RSUs were granted under the nVent 2018 Omnibus Incentive Plan and each RSU converts to one share upon vesting.
Key Details
- Transaction date: 2026-05-15.
- Award: 976 RSUs reported as acquired at $0.00 (vesting event).
- Tax withholding: 602 shares surrendered at $169.01 each for $101,744 (reported as disposed under code F).
- Post-transaction holdings: filing notes end-of-period holdings reflect vested RSUs and dividend reinvestment, but the filing does not state an exact total share count after these transactions.
- Footnotes: F1 = RSUs subject to plan and vesting; F2–F3 = end-of-period holdings include vested RSUs and dividend reinvestment; F4 = shares surrendered to pay taxes on vesting.
- Filing timeliness: Form 4 filed 2026-05-19 for a 2026-05-15 transaction — filed within the SEC’s 2-business-day window.
Context
- This was an RSU vesting event with share surrender for tax withholding (a routine administrative action), not an open-market sale or deliberate cash-in by the insider. For retail investors, tax-withholding share surrender is common when equity awards vest and does not necessarily signal insider buying or selling intent.