Johnson Gerald 4

What Happened

• Gerald Johnson, a director of Eaton Corp plc (ETN), had restricted stock units (RSUs) vest on May 6, 2026. 353 RSUs converted into ordinary shares (exercise/conversion of a derivative). To satisfy tax withholding, 85 shares were transferred (disposed) at $416.50 per share, totaling $35,403. On the same date he was also awarded 470 RSUs (a new grant).

Key Details

• Transaction date: May 6, 2026; filing date: May 8, 2026 (timely).
• Converted/vested: 353 RSUs converted to shares (transaction code M).
• Tax withholding: 85 shares were withheld/disposed to cover taxes at $416.50/share for $35,403 (transaction code F).
• New award: 470 RSUs granted (transaction code A); these are RSUs (derivative) reported at $0 acquisition price.
• Shares owned after transaction: not specified in this filing.
• Footnotes: Vesting referenced as compensation for Board service; amount includes RSUs from dividend equivalent reinvestment; the 470‑RSU award appears subject to future vesting (per footnote).

Context

• This was primarily a vesting/compensation event (not an open‑market purchase). The conversion of RSUs into shares followed by withholding of a portion to cover tax is a routine cashless settlement method (common for RSU vesting). The director is not reported as a 10% owner; these transactions reflect director compensation rather than a market buy/sell signal.