Monesmith Heath B. 4

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.