Parker Herbert K 4
Research Summary
AI-generated summary
nVent (NVT) Director Herbert K. Parker Receives RSUs; Surrenders Shares
What Happened
Herbert K. Parker, a director of nVent Electric plc, was issued 976 restricted stock units (RSUs) on 2026-05-15 (reported as an acquisition at $0.00 per share). To satisfy tax withholding obligations tied to the vesting, 602 shares were surrendered/disposed at a per-share value of $169.01, totaling $101,744. The primary event is an award/vesting of RSUs rather than an open-market buy or sell.
Key Details
- Transaction date: 2026-05-15.
- Award: 976 RSUs granted/vested (reported at $0.00 acquisition price).
- Tax withholding disposition: 602 shares surrendered @ $169.01 = $101,744.
- Shares owned after transaction: Form notes end-of-period holdings were updated to reflect the vesting, but a specific total share count after these actions is not provided in the summary data.
- Footnotes: RSUs granted under the 2018 Omnibus Incentive Plan (each RSU = one share upon vesting); shares were surrendered specifically to pay taxes; end-of-period holdings also reflect previously reported vesting and dividend reinvestment activity.
- Filing timeliness: Form filed 2026-05-19 for a 2026-05-15 transaction; this appears to be within the standard two-business-day reporting window.
Context
RSUs are a form of compensation that convert to company shares upon vesting; the acquisition recorded here reflects that vesting. The disposition code (F) reflects shares withheld/surrendered to cover taxes, not an open-market sale — a routine administrative action rather than a directional bet by the insider. For retail investors, RSU vesting indicates executive/company compensation alignment but is not the same signal as a purchase funded with personal cash.