Monesmith Heath B. 4

What Happened

• Heath B. Monesmith, President and Chief Operating Officer — Electrical Sector of Eaton Corporation (a subsidiary of the issuer), had 1,231 restricted stock units vest/convert into ordinary shares on Feb 23, 2026. The RSUs carried no exercise price ($0). To cover tax withholding, 366 shares were surrendered/sold at $374.26 per share for a total of $136,979. The remaining shares from the vesting were retained.

Key Details

• Transaction date: 2026-02-23; Filing date: 2026-02-24 (filed the next day).
• Exercise/conversion: 1,231 RSUs converted to 1,231 ordinary shares (no cash exercise price).
• Tax withholding/disposition: 366 shares withheld/sold at $374.26 each = $136,979 (code F for tax withholding).
• Footnotes: RSUs were granted Feb 22, 2023 and vested 33% on the 1st and 2nd anniversaries and 34% on the 3rd anniversary (the final tranche vested per F2). Ordinary shares are held in the Eaton Savings Plan per F3.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Timeliness: Filing appears timely (submitted one day after the transaction).

Context

• These were restricted stock units vesting (not options requiring cash to exercise); the $0 exercise price confirms they were RSUs. The withholding of 366 shares to satisfy tax obligations is a routine administrative step and is common when awards vest. This type of transaction is a vesting event rather than an open-market purchase or sale signaling a trading view.