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), exercised 767 option-derived shares on Feb 26, 2026 and received new equity awards (derivative grants) totaling 5,155 restricted stock units (3,850 and 1,305). To cover tax withholding related to the exercise/vesting, 224 shares were surrendered/withheld at $367.49 each, generating $82,318. The filings show both acquisition (awards and exercise) and disposition (withholding) activity.

Key Details

• Transaction dates: Feb 25, 2026 (grants) and Feb 26, 2026 (exercise and tax withholding). Filing date: Feb 27, 2026 (timely).
• Grants received: 3,850 RSUs (granted Feb 25, 2026) and 1,305 RSUs (granted Feb 26, 2025); both vest 33% on first and second anniversaries and 34% on the third (see footnotes F2, F3).
• Exercise: 767 shares exercised (reported as derivative conversion, code M).
• Tax withholding/disposition: 224 shares withheld/disposed at $367.49 per share for $82,318 (code F).
• Shares owned after the transactions: not specified in the provided filing.
• Role/remark: Lucy is EVP & Chief Legal Officer of Eaton Corporation, a subsidiary of the issuer.

Context

• These filings combine new equity awards (RSUs) and an option exercise. The withholding of 224 shares to satisfy tax obligations is a routine, non‑market sale related to compensation (not an open‑market sell).
• Vesting schedules mean most newly granted RSUs are subject to multi-year service conditions (33%/33%/34%), so they do not represent immediate free shares to sell.