LEONETTI OLIVIER 4

4 · Eaton Corp plc · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 2, 2026

Eaton (ETN) Former CFO Olivier Leonetti Converts RSUs, Withholds Shares

What Happened

Olivier Leonetti, former Executive Vice President and Chief Financial Officer of Eaton Corporation (a subsidiary of Eaton plc), had restricted stock units (RSUs) convert to ordinary shares on February 27, 2026. A total of 3,628 RSUs converted into shares (1,162 + 2,466). To cover tax withholding obligations, 1,399 shares were surrendered (339 + 1,060) at $370.88 per share, producing proceeds of $125,728 and $393,133 (total ~$518,861). Net shares delivered to Leonetti were 2,229, worth approximately $826,692 at $370.88/share.
These were conversions of RSUs (no exercise price); the disposals were tax-withholding/surrender transactions rather than open-market sales.

Key Details

Transaction date: February 27, 2026; Filing date: March 2, 2026 (Form 4 accession 0001104659-26-022267).
Prices reported for withheld shares: $370.88 per share. Tax-withheld shares: 1,399 shares → ~$518,861 total.
Shares converted/issued: 3,628 (1,162 and 2,466) from RSU grants; net shares received after withholding: 2,229 (~$826,692 at $370.88).
Footnotes: RSUs were granted Feb 28, 2024 (some awards) and Mar 1, 2024 (others); vesting schedule was 33% on each first and second anniversaries and 34% on the third anniversary (each RSU = one share).
Transaction codes: M = conversion/exercise of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).
Shares owned after the transaction were not specified in the filing.

Context

This appears to be a routine RSU vesting plus share withholding to satisfy taxes (common administrative action). Withheld/surrendered shares to cover taxes are not the same as a discretionary sale and do not necessarily signal insider sentiment.
No indication in the filing that this was part of a 10b5-1 plan or that the filing was late; the Form 4 was filed within the typical reporting window.

Form 4Exit

Period: 2026-02-27

See Remarks below.

Transactions

Exercise/Conversion
Ordinary Shares
2026-02-27+1,162→ 2,444 total
Tax Payment
Ordinary Shares
2026-02-27$370.88/sh−339$125,728→ 2,105 total
Exercise/Conversion
Ordinary Shares
2026-02-27+2,466→ 4,571 total
Tax Payment
Ordinary Shares
2026-02-27$370.88/sh−1,060$393,133→ 3,511 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-27−1,162→ 1,197 total
Exercise: $0.00From: 2025-02-28→ Ordinary Shares (1,162 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F2]
2026-02-27−2,466→ 2,542 total
Exercise: $0.00From: 2025-03-01→ Ordinary Shares (2,466 underlying)

Footnotes (3)

[F1]These restricted stock units were granted on February 28, 2024 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.
[F2]This field is not applicable.
[F3]These restricted stock units were granted on March 1, 2024 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.

Signature

/s/ Heejin Jun, as Attorney-in-Fact|2026-03-02

1 file