LEONETTI OLIVIER 4

What Happened
Olivier Leonetti, Executive Vice President and Chief Financial Officer (of Eaton Corporation, a subsidiary of Eaton plc), had 920 restricted stock units (RSUs) convert into 920 ordinary shares on February 26, 2026 (transaction code M). To cover tax withholding (transaction code F), 268 of those shares were surrendered at $367.49 per share for a withholding value of $98,487. The net result was receipt of 652 shares (920 − 268), with a post-withholding value of roughly $239.6K based on the $367.49 per-share price.

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-02-27 (no late filing indicated).
• Conversion: 920 RSUs converted to 920 shares (code M) at $0.00 exercise price (RSUs, not a cash purchase).
• Tax withholding: 268 shares withheld (code F) at $367.49/share; withholding value reported as $98,487.
• Net shares received: 652 shares (approximately $239,600 at $367.49/share).
• Footnote: RSUs were granted 2/26/2025 and vest 33% on the 1st and 2nd anniversaries and 34% on the 3rd anniversary (each RSU equals one ordinary share).
• Insider role: Leonetti is EVP & CFO of Eaton Corporation (a subsidiary); not identified as a 10% owner.
• Shares owned after transaction: not disclosed in this filing.

Context
This was a routine RSU vesting and tax-withholding event (a cashless-style settlement) rather than an open-market buy or sale. Share withholding to cover taxes is a common administrative action and does not necessarily signal the insider’s view of the company’s stock.