4//SEC Filing
Pettit Thomas F 4
Accession 0001140361-18-022587
CIK 0001720635other
Filed
May 8, 8:00 PM ET
Accepted
May 9, 5:51 PM ET
Size
14.4 KB
Accession
0001140361-18-022587
Insider Transaction Report
Form 4
Pettit Thomas F
See Remarks below
Transactions
- Award
Ordinary Shares - Restricted Stock Units
2018-05-07+2,466→ 50,049.68 total - Award
Employee Stock Option (right to buy)
2018-05-07+12,392→ 12,392 totalExercise: $25.34Exp: 2028-05-07→ Ordinary Shares (12,392 underlying)
Holdings
- 2,812(indirect: By Trust)
Ordinary Shares
- 1,833.69
Ordinary Shares
- 135.365(indirect: By ESOP)
Ordinary Shares - ESOP
- 6,509
Employee Stock Option (right to buy)
Exercise: $20.22Exp: 2027-03-01→ Ordinary Shares (6,509 underlying) - 550.757(indirect: Plan Agent)
Ordinary Shares - Deferral Plan
- 8,117
Employee Stock Option (right to buy)
Exercise: $16.61Exp: 2026-03-01→ Ordinary Shares (8,117 underlying)
Footnotes (9)
- [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 47,583.68 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]Reflects ordinary shares received in a pro-rata distribution upon completion of the spin-off of nVent Electric plc from Pentair plc in an exempt transaction pursuant to Rule 16a-9.
- [F4]Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
- [F5]Employee stock option granted under the nVent Electric plc 2018 Omnibus Incentive Plan.
- [F6]One-third of the stock options become exercisable on each of January 2, 2019, 2020 and 2021.
- [F7]Each outstanding Pentair plc stock option was converted into an award of options to purchase nVent Electric plc ordinary shares In connection with the spin-off of nVent Electric plc from Pentair plc. The number of shares and exercise prices of each option award were adjusted in a manner intended to preserve the aggregate intrinsic value of the original Pentair plc stock option.
- [F8]Two-thirds of this option is presently exercisable. The remaining one-third becomes exercisable on March 1, 2019.
- [F9]One-third of this option is presently exercisable. The remaining two-thirds become exercisable on March 1, 2019 and March 1, 2020.
Documents
Issuer
nVent Electric plc
CIK 0001720635
Entity typeother
Related Parties
1- filerCIK 0001613910
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 5:51 PM ET
- Size
- 14.4 KB