RUIZ STERNADT PAULO 4

What Happened

• Paulo Ruiz Sternadt, Chief Executive Officer of Eaton Corporation (a subsidiary of Eaton Corp plc), received share awards and exercised options tied to his compensation on Feb 25–26, 2026. He acquired 7,225 shares upon the vesting of performance share awards and had restricted/derivative awards granted (24,450 and 8,345 RSUs) that vest over multi-year schedules.
• He exercised/converted 1,534 option/derivative shares on Feb 26, 2026. To cover taxes from the vested awards/settlement, 3,187 shares were withheld/disposed at $372.96 (proceeds $1,188,624) and 677 shares at $367.49 (proceeds $248,791), totaling 3,864 shares and approximately $1,437,415. These disposals were tax withholdings/net settlement rather than open-market sales.

Key Details

• Transaction dates: awards vested/granted Feb 25, 2026; exercise and tax-withholding actions Feb 26, 2026. Form filed Feb 27, 2026 (timely).
• Prices and proceeds: 3,187 shares withheld at $372.96 (≈$1,188,624); 677 shares withheld at $367.49 (≈$248,791); combined ≈$1,437,415.
• Shares acquired: 7,225 vested performance shares; exercised/converted 1,534 derivative shares. New RSU grants: 24,450 and 8,345 (vesting over 3 years).
• Shares retained/owned after the transactions are not specified in the provided filing excerpt.
• Footnotes of note: F1 confirms the 7,225 shares were from vested performance awards; F2 indicates the withheld shares covered taxes; F3–F5 describe multi-year vesting schedules for options and RSUs.
• Transaction codes: A = Award/Grant, M = Exercise/Conversion of derivative, F = Payment of exercise price or tax liability (withholding). These indicate routine award vesting, option exercise, and tax withholding — not a discretionary open-market sale.

Context

• This activity appears to be routine compensation-related transactions: awards vested and options were exercised, with shares withheld to satisfy tax obligations (a net/share-withholding settlement). Such withholdings are common and do not necessarily indicate an intent to reduce the insider’s economic exposure.
• For retail investors: purchases or open-market buys are typically stronger bullish signals than routine vesting/withholding transactions like these.