Accepted (ET)
5:48 PM
Aug 7, 2026
Filed
Aug 7, 2026
Documents
1
Size
9.7 KB
Summary
Eaton (ETN) President Michael Yelton Exercises Options
What Happened
Michael Yelton, President—Americas Region, Electrical Sector of Eaton Corp (ETN), exercised 658 stock options on 2026-08-06. He paid the exercise price of $151.76 per share (total cash paid $99,858). To cover tax withholding, 221 of the newly acquired shares were surrendered/withheld at a market value of $451.52 each (total ~$99,787). Net shares retained from the exercise: 437.
Key Details
- Transaction date: 2026-08-06; Form 4 filed 2026-08-07.
- Exercise: 658 options exercised at $151.76/share (total cash paid $99,858). (Code M)
- Tax withholding: 221 shares withheld/disposed at $451.52/share (value ~$99,787). (Code F)
- Derivative conversion: 658 option units converted into common shares (reported as a $0.00 derivative disposition entry typical of option-to-share conversion).
- Net shares received from the transaction: 437 (658 acquired − 221 withheld).
- Shares acquired are held in the Eaton Savings Plan (footnote F2).
- Footnote: Options were granted 22 Feb 2022 with staged vesting (33% on 1st & 2nd anniversaries, remaining 34% on 3rd anniversary). (footnote F1)
- Shares owned after the transaction are not specified in the provided filing data.
Context
This was an options exercise with a partial share-withholding to satisfy tax obligations (a common "sell/withhold to cover" mechanism), not an open-market sale or purchase signal. Cash was paid to exercise the options; a portion of the resulting shares was surrendered for taxes, leaving a net increase in Yelton’s share stake of 437 shares. The filing appears timely (transaction reported the next business day).