Monesmith Heath B. 4

4 · Eaton Corp plc · Filed Feb 27, 2026

AI-generated summary of this filing

Updated Feb 27, 2026

Eaton (ETN) President Heath Monesmith Receives Awards, Sells Shares

What Happened

Heath B. Monesmith, President and Chief Operating Officer — Electrical Sector (Eaton subsidiary), received vested performance shares and new restricted-equity awards and also exercised a small option position. On Feb 25, 2026, 9,985 performance shares vested and were issued to him. On the same day he was granted 6,150 and 2,090 restricted stock units (RSUs) (future vesting). On Feb 26, 2026, he exercised/converted 742 derivative shares. To cover tax liabilities related to the vesting and exercise, a total of 4,574 shares were withheld/surrendered (4,246 shares withheld from the performance share settlement at $372.96 = $1,583,588; 328 shares withheld at $367.49 = $120,537), totaling approximately $1,704,125.

Key Details

Transaction dates: Feb 25–26, 2026; Form 4 filed Feb 27, 2026 (timely).
Shares received: 9,985 vested performance shares; RSU grants of 6,150 and 2,090 on Feb 25, 2026; exercised/converted 742 derivative shares on Feb 26, 2026.
Shares disposed/withheld for taxes: 4,246 @ $372.96 (≈ $1,583,588) and 328 @ $367.49 (≈ $120,537); total withheld = 4,574 shares (≈ $1,704,125).
Shares owned after transaction: not applicable / not reported in filing (field not applicable per filer).
Relevant footnotes: vested performance shares (F1); shares withheld to cover taxes on the vesting (F2); RSUs and options vest over three years (33%/33%/34%) (F3–F5); some ordinary shares are held in the Eaton Savings Plan (F7).

Context

This filing is primarily award-related (company grants and vesting) rather than an open-market sale. The withheld/surrendered shares were used to satisfy tax liabilities (routine tax withholding), not necessarily a discretionary sale indicating sentiment.
The option/derivative activity reflects exercises/conversions with net withholding for taxes; the filing shows both acquisition and withholding related to those derivative shares (cashless/net settlement mechanics are typical for option/RSU settlements).
Vesting schedules for the grants/options are multi-year (33%/33%/34%), so additional future vesting is scheduled per the footnotes.

Form 4

Period: 2026-02-25

See Remarks below.

Transactions

Award
Ordinary Shares
[F1]
2026-02-25+9,985→ 71,525 total
Tax Payment
Ordinary Shares
[F2]
2026-02-26$372.96/sh−4,246$1,583,588→ 67,279 total
Exercise/Conversion
Ordinary Shares
2026-02-26+742→ 68,021 total
Tax Payment
Ordinary Shares
2026-02-26$367.49/sh−328$120,537→ 67,693 total
Award
Stock Option
[F3]
2026-02-25+6,150→ 6,150 total
Exercise: $373.53From: 2027-02-25Exp: 2036-02-25→ Ordinary Shares (6,150 underlying)
Award
Restricted Stock Units
[F4][F6]
2026-02-25+2,090→ 2,090 total
Exercise: $0.00From: 2027-02-25→ Ordinary Shares (2,090 underlying)
Exercise/Conversion
Restricted Stock Units
[F5][F6]
2026-02-26−742→ 1,508 total
Exercise: $0.00From: 2026-02-26→ Ordinary Shares (742 underlying)

Holdings

Footnotes (7)

[F1]These shares were acquired upon the vesting of performance share awards.
[F2]Represents shares withheld to cover taxes incurred in connection with the settlement of the performance share awards that vested February 25, 2026.
[F3]These stock options become exercisable 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.
[F4]These restricted stock units were granted on February 25, 2026 and vest 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.
[F5]These restricted stock units were granted on February 26, 2025 and vest 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.
[F6]This field is not applicable.
[F7]These ordinary shares are held in the Eaton Savings Plan.

Signature

/s/ Heejin Jun, as Attorney-in-Fact|2026-02-27

1 file