RUIZ STERNADT PAULO 4

What Happened

• Paulo Ruiz Sternadt, a director of Eaton plc (and Chief Executive Officer of Eaton Corporation, a subsidiary), had 691 restricted stock units (RSUs) convert into 691 ordinary shares on Feb 27, 2026. Of those shares, 305 were withheld to cover tax obligations, valued at about $370.88 per share for a tax withholding of $113,118. The remaining 386 shares were delivered to him (net of withholding). The RSUs were granted on Feb 28, 2024 and vested per the grant schedule (F1).

Key Details

• Transaction dates: shares converted and withholding occurred on 2026-02-27; Form 4 filed 2026-03-02 (timely).
• Conversion/derivative code: M — conversion/exercise of a derivative (RSU settlement); Withholding code: F — shares withheld to satisfy tax liability.
• Prices/values: withholding price reported at $370.88 per share; 305 shares withheld = $113,118. Gross value of 691 shares ≈ $256,278; net value retained ≈ $143,160 (all amounts approximate).
• Shares owned after transaction: not specified in the filing.
• Footnote: RSUs were granted Feb 28, 2024 and vest 33% on each of the first and second anniversaries and 34% on the third (F1).

Context

• This was an RSU vesting and cashless tax-withholding event, not an open-market sale or purchase. Such withholding is routine to cover tax liabilities on vested equity and does not necessarily signal a change in insider sentiment.