McMahan Stacy Powell 4
4 · nVent Electric plc · Filed May 9, 2018
Insider Transaction Report
Form 4
McMahan Stacy Powell
EVP & Chief Financial Officer
Transactions
- Award
Employee Stock Option (right to buy)
2018-05-07+43,371→ 43,371 totalExercise: $25.34Exp: 2028-05-07→ Ordinary Shares (43,371 underlying) - Award
Ordinary Shares - Restricted Stock Units
2018-05-07+8,633→ 29,646 total
Footnotes (4)
- [F1]Restricted stock units granted pursuant to and subject to a vesting condition of the nVent Electric plc 2018 Omnibus Incentive Plan. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting.
- [F2]Includes 21,013 restricted stock units ("RSUs") as a result of each outstanding Pentair plc RSU being converted into an RSU denominated in nVent Electric plc ordinary shares in a manner intended to preserve the aggregate intrinsic value of the original Pentair plc RSU in connection with the spin-off of nVent Electric plc from Pentair plc.
- [F3]Employee stock option granted under the nVent Electric plc 2018 Omnibus Incentive Plan.
- [F4]One-third of the stock options become exercisable on each of January 2, 2019, 2020 and 2021.