Napoli Silvio 4

What Happened Silvio Napoli, a director of Eaton Corp plc (ETN), had restricted stock units (RSUs) vest and converted/received shares. The Form 4 reports conversion/exercise of 621 derivative units and a grant/award/receipt of 470 derivative units (RSUs). To satisfy tax withholding, 299 shares were sold at $416.50 per share, generating $124,534. The RSU exercise and grant entries are recorded at $0.00 per share (typical for vested RSUs converted into ordinary shares).

Key Details

• Transaction date: 2026-05-06 (Form filed 2026-05-08).
• Sales to cover taxes: 299 shares sold at $416.50 each, total proceeds $124,534 (transaction code F — tax withholding).
• Conversions/awards: 621 shares reported as exercised/converted (code M) and 470 shares reported as a grant/award (code A); both recorded at $0.00 per share.
• Shares owned after the transactions: not specified in the filing.
• Footnotes: RSUs were granted as board compensation and vested in full on the first anniversary of the grant (each RSU converts to one ordinary share). Amounts include reinvested dividend equivalents and are adjusted for reinvested dividends.
• Filing timeliness: no late filing is indicated on the form.

Context

• These entries reflect RSU vesting and routine tax-withholding sale rather than an open-market investment or discretionary sale. The exercise/conversion at $0 reflects conversion of granted RSUs into shares; the sale of 299 shares is a withholding action to cover taxes. Such filings are common for directors receiving equity compensation and do not, by themselves, indicate a buy or sell signal.