Clark Dougherty Lucy 4

What Happened

• Clark Dougherty Lucy, Executive Vice President and Chief Legal Officer of Eaton Corporation (a subsidiary of Eaton Corp plc), had 1,151 restricted stock units (RSUs) convert to ordinary shares on Feb 3, 2026. Of those, 354 shares were surrendered/withheld to cover tax liabilities at a reported value of $360.27 per share (total ~$127,536). The vest/conversion is reported as exercised/converted (code M) with tax withholding reported under code F.

Key Details

• Transaction date: 2026-02-03; Form 4 filed: 2026-02-20 (appears to be filed after the typical 2-business-day deadline for Form 4 filings).
• Converted/issued: 1,151 shares (code M) at $0.00 (RSU conversion); Shares withheld for taxes: 354 shares at $360.27 → $127,536 (code F).
• Net shares received from this vesting: 1,151 − 354 = 797 shares retained by the insider. The filing does not state total shares owned after the transaction.
• Footnote: These were restricted stock units granted Feb 3, 2025 that vest over three years (33% on 1st and 2nd anniversaries, remaining 34% on the 3rd anniversary). Each RSU converts into one ordinary share on vesting.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment/withholding of tax liability via share surrender.

Context

• This was an RSU vesting with share withholding to satisfy taxes (a common, administrative action), not an open-market sale or purchase. Such withholdings are routine and do not necessarily signal the insider’s view of the stock.