Denk Peter 4

What Happened

• Peter Denk, President and Chief Operating Officer — Industrial Sector of Eaton Corporation (subsidiary of Eaton Corp plc), had 420 restricted stock units convert to 420 ordinary shares on Feb 23, 2026 (transaction code M — exercise/conversion of derivative). The shares converted at $0.00 per share (RSUs vesting).
• To satisfy tax withholding (transaction code F), 132 of those shares were surrendered at a per-share value of $374.26, totaling $49,402. After withholding, Denk received a net 288 shares.

Key Details

• Transaction date: 2026-02-23; Form filed 2026-02-24 (timely).
• Conversion: 420 RSUs → 420 shares (acquired via vesting; recorded at $0.00 per share).
• Tax withholding: 132 shares withheld/ disposed at $374.26 each = $49,402.
• Net shares received by insider: 288 shares (420 − 132).
• Shares owned after the transaction: not specified in the excerpted filing.
• Footnote: These were restricted stock units granted Feb 22, 2023 with a multi-year vesting schedule (33% on each of the first and second anniversaries and the remaining 34% on the third anniversary).
• Filing notes: Power of Attorney attached as Exhibit 24. No indication this filing was late.

Context

• This was a vesting of previously granted RSUs (not an open-market purchase or targeted sale). The withholding of shares to cover taxes is routine and common when equity awards vest; it is not the same as an active market sale for investment reasons.
• Transaction codes: M = exercise/conversion of a derivative (here RSU conversion); F = shares withheld to pay tax liability.