Yelton Michael 4

What Happened

• Michael Yelton, President — Americas Region, Electrical Sector (Eaton subsidiary), had 413 restricted stock units (RSUs convert/“exercise” entry) vest and convert into ordinary shares on Feb 27, 2026. The reported exercise/conversion price is $0.00 (typical for RSU vesting).
• To satisfy tax withholding, 180 of those shares were surrendered/withheld at an implied value of $370.88 per share for a total tax withholding of $66,758. Net shares retained from the vesting: 413 − 180 = 233 shares. The retained shares are held in the Eaton Savings Plan.

Key Details

• Transaction date: 2026-02-27.
• Vest/Conversion: 413 RSUs converted to 413 ordinary shares (reported as derivative exercise, code M) at $0.00 per share.
• Tax withholding: 180 shares disposed (code F) at $370.88 = $66,758.
• Net shares retained after withholding: 233 shares, held in the Eaton Savings Plan (footnote F3).
• Grant/Vesting context: These RSUs were granted Feb 28, 2024 and vest 33% on each of the first and second anniversaries and 34% on the third (footnote F1).
• Filing does not indicate a 10b5-1 plan or late filing in the provided data.

Context

• This was a vesting/conversion of RSUs, not a market buy. The only sale-like activity was the share withholding to cover taxes (a routine, administrative disposition).
• For retail investors: RSU vesting increases insider ownership modestly (net +233 shares here); such routine tax withholdings are common and not necessarily an indicator of confidence or lack thereof.