Schulten Andre 4

What Happened Andre Schulten, a director of Eaton Corp plc (ETN), had restricted stock units (RSUs) convert into common shares on May 6, 2026. A total of 621 RSUs were converted to shares (reported as derivative exercises/conversions). To satisfy tax withholding, 150 shares were surrendered/disposed at an implied value of $416.50 per share, totaling $62,475. The filing also reports a grant/award of 470 shares (net shares delivered following conversion/withholding and adjustments for dividend reinvestment).

Key Details

• Transaction date: May 6, 2026; Form 4 filed May 8, 2026 (timely filing).
• Conversions: 621 RSUs converted to shares (transaction code M); 150 shares withheld for taxes (code F) at $416.50 each = $62,475.
• Grant/Net Delivery: 470 shares reported as acquired (code A), reflecting the net shares received after withholding/adjustments.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: RSUs were granted as board compensation and vested in full on the first anniversary of the grant; each RSU represents one ordinary share. Amounts include dividend equivalent reinvestment and shares adjusted for reinvested dividends. Power of Attorney attached (Exhibit 24).

Context This was a standard RSU vesting and conversion with shares withheld to cover tax liabilities (a routine, cashless-type withholding). This is not an open-market sale or purchase signal; tax-withholding disposals are administrative and do not necessarily indicate insider sentiment. Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = tax withholding/payment.