Denk Peter 4

What Happened
Peter Denk, President and Chief Operating Officer — Industrial Sector of Eaton Corporation (a subsidiary of the issuer), had 281 restricted stock units (RSUs) vest on Feb 27, 2026. Those RSUs converted into 281 ordinary shares (reported as an exercise/conversion of a derivative). To cover tax withholding, 124 of the newly issued shares were surrendered/disposed at $370.88 per share for a total tax withholding value of $45,989. Net newly acquired shares retained by Denk from this vesting were 157 shares (281 vested minus 124 withheld).

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 2, 2026 (no late-filing flag indicated in the report).
• Exercise/conversion: 281 RSUs converted into 281 shares at $0.00 per share (vesting event).
• Tax withholding: 124 shares disposed at $370.88 per share, total $45,989 (code F — tax withholding).
• Additional derivative line: filing also lists a 281-share derivative disposition entry related to the RSU conversion mechanics.
• Shares owned following the transaction: Not disclosed in this filing.
• Footnote: These were RSUs granted Feb 28, 2024 with a three-year vesting schedule (33% each on years 1 and 2, 34% on year 3).

Context
This was a routine RSU vesting and tax-withholding event, not an open-market sale or a purchase. The filing shows shares were converted from RSUs and then a portion withheld to meet tax obligations — a common cashless-like settlement for equity awards. Such withholding transactions are administrative and do not necessarily signal a change in insider sentiment.