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Eaton Corp plc·4

Feb 27, 6:59 PM ET

Yelton Michael 4

4 · Eaton Corp plc · Filed Feb 27, 2026

Research Summary

AI-generated summary of this filing

Updated

Eaton (ETN) President Michael Yelton Receives Awards, Sells Shares

What Happened
Michael Yelton, President — Americas Region, Electrical Sector of Eaton Corp plc (ETN), received equity awards that vested and converted into ordinary shares on Feb 25–26, 2026. The filing shows acquisitions from awards/vesting totaling 8,780 shares (various RSUs/performance awards and a conversion/exercise). To cover tax liabilities tied to the vesting/settlement, 1,567 shares were withheld/sold at $372.96 (≈ $584,428) and 168 shares were withheld/sold at $367.49 (≈ $61,738), totaling about $646,166. Several derivative conversions/exercises (384 shares) are also reported in connection with the awards.

Key Details

  • Transaction dates: awards/vesting on 2026-02-25; conversions/exercises and tax withholdings on 2026-02-26. Filing dated 2026-02-27 (appears timely).
  • Major codes: A = award/grant (shares received on vesting); M = exercise/conversion of derivative; F = shares withheld/sold to cover taxes.
  • Shares acquired (from filing): 4,251 + 3,100 + 1,045 + 384 = 8,780 shares credited on vesting/conversion.
  • Shares disposed/withheld for taxes: 1,567 shares @ $372.96 and 168 shares @ $367.49 = 1,735 shares withheld ($646,166).
  • Notable footnotes: F1 indicates shares from performance share awards; F2 confirms the disposals represent tax withholding on the Feb 25, 2026 settlement; F4/F5 describe RSU grant and vesting schedules; F3 describes option vesting schedule for separate option awards.
  • Shares owned after the transactions: not specified in the filing.
  • No open-market sale beyond tax withholding is reported—transactions appear to be routine settlement and tax-related.

Context

  • This appears to be a routine vesting/settlement and tax-withholding event (common for executives receiving performance shares and RSUs). The filing shows conversion/exercise of derivatives and the company withholding shares to satisfy tax obligations (a cashless/net-share settlement), not a discretionary open-market sale that would necessarily signal a change in insider view.
  • For retail investors, purchases or open-market buys are generally more direct signals of insider confidence; this filing primarily documents award settlement and tax-related withholding.

Insider Transaction Report

Form 4
Period: 2026-02-25
Eaton Corp plcETN
Yelton Michael
See Remarks below.
Transactions
  • Award

    Ordinary Shares

    [F1]
    2026-02-25+4,251→ 6,708 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-02-26$372.96/sh−1,567$584,428→ 5,141 total
  • Exercise/Conversion

    Ordinary Shares

    2026-02-26+384→ 5,525 total
  • Tax Payment

    Ordinary Shares

    2026-02-26$367.49/sh−168$61,738→ 5,357 total
  • Award

    Stock Option

    [F3]
    2026-02-25+3,100→ 3,100 total
    Exercise: $373.53From: 2027-02-25Exp: 2036-02-25→ Ordinary Shares (3,100 underlying)
  • Award

    Restricted Stock Units

    [F4][F6]
    2026-02-25+1,045→ 1,045 total
    Exercise: $0.00From: 2027-02-25→ Ordinary Shares (1,045 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F5][F6]
    2026-02-26−384→ 781 total
    Exercise: $0.00From: 2026-02-26→ Ordinary Shares (384 underlying)
Holdings

  • Ordinary Shares

    [F7]
    (indirect: By Trust)
    3,049
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

Documents

1 file
  • 4
    tm267606-9_4seq1.xmlPrimary

    OWNERSHIP DOCUMENT