Denk Peter 4

What Happened

• Peter Denk, President & Chief Operating Officer — Industrial Sector of Eaton Corporation (a subsidiary of the issuer), received vested performance shares and related equity awards. On Feb 25, 2026, 3,402 performance-share award shares vested and were delivered. On Feb 26, 2026, a total of 1,321 shares were withheld to cover taxes (proceeds shown: $435,617 and $56,226 for the two withholding events).
• Also on Feb 26, 2026, Denk exercised/conversion activity for 346 derivative shares (reported as both acquired and immediately disposed), consistent with an option exercise/cashless conversion. The filing also reports new restricted stock unit (RSU) grants: 4,100 RSUs (granted Feb 25, 2026) and 1,395 RSUs (granted Feb 26, 2025) that vest 33% / 33% / 34% over three years.
• These transactions are compensation-related (awards vesting and routine tax withholding), not open-market purchases or sales for investment purposes.

Key Details

• Transaction dates: vesting/awards on 2026-02-25; withholding and exercise/conversion on 2026-02-26.
• Tax withholding disposals: 1,168 shares @ $372.96 = $435,617; 153 shares @ $367.49 = $56,226. Total withheld ≈ 1,321 shares for ~$491,843.
• Exercise/conversion: 346 derivative shares reported as exercised/converted on 2026-02-26 (acquired and also disposed same day).
• Grants reported: 4,100 RSUs (granted 2/25/2026) and 1,395 RSUs (granted 2/26/2025); vest 33%/33%/34% per footnotes. Stock options (where applicable) follow a 33%/33%/34% vesting schedule.
• Shares owned after the reported transactions: not specified in the filing.
• Filing timeliness: filed 2026-02-27 for activity through 2026-02-26 — no late filing flag noted.

Context

• This is primarily routine compensation activity: performance shares vested and RSUs were granted; shares were withheld to cover tax liabilities (transaction code F).
• The 346-share exercise + immediate disposal indicates a cashless or net-settlement style exercise/conversion of derivative awards (transaction code M). Such actions are common when employees exercise options or settle awards and either sell shares or have shares withheld to cover taxes/fees.
• These transactions do not necessarily signal a change in insider sentiment; they reflect award vesting and tax-withholding mechanics.