RUIZ STERNADT PAULO 4
4 · Eaton Corp plc · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Eaton (ETN) CEO Paulo Ruiz Sternadt Receives 891 Shares (RSU Vest)
What Happened
Paulo Ruiz Sternadt, identified as Chief Executive Officer of Eaton Corporation (a subsidiary of Eaton Corp plc), received 891 shares on February 23, 2026 when restricted stock units (RSUs) vested/converted. To cover tax withholding, 393 of those shares were surrendered/disposed at a reported price of $374.26 per share, generating a withholding value of $147,084. This was a vesting/settlement of award units rather than an open‑market sale.
Key Details
- Transaction date: 2026-02-23 (Form filed 2026-02-24; appears timely).
- Vest/Conversion: 891 shares acquired via exercise/conversion of derivative (code M) at $0.00 per share.
- Tax withholding: 393 shares disposed (code F) at $374.26 per share; total withholding value reported $147,084.
- Net shares retained from this event: 498 shares (891 acquired minus 393 withheld).
- Footnote: These were RSUs granted Feb 22, 2023 with staged vesting (33% at year 1 and 2, remaining 34% at year 3). Each RSU converts to one ordinary share.
- Remark: Ruiz Sternadt is CEO of Eaton Corporation, a subsidiary of the issuer.
- Shares owned after transaction: not disclosed in this filing.
Context
This was a routine RSU vesting and tax-withholding (cashless settlement) transaction — common when equity awards vest; withholding of shares to cover taxes is not an open-market sale and does not necessarily indicate a change in the insider’s view of the company. For derivative entries: code M indicates conversion/settlement of an award; code F indicates shares withheld for tax/payment.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
2026-02-23+891→ 28,620 total - Tax Payment
Ordinary Shares
2026-02-23$374.26/sh−393$147,084→ 28,227 total - Exercise/Conversion
Restricted Stock Units
[F2][F1]2026-02-23−891→ 0 totalExercise: $0.00From: 2024-02-22→ Ordinary Shares (891 underlying)
Footnotes (2)
- [F1]This field is not applicable.
- [F2]These restricted stock units were granted on February 22, 2023 and vested as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer.