Sommerness Benjamin R. 4
4 · nVent Electric plc · Filed May 9, 2018
Insider Transaction Report
Form 4
Sommerness Benjamin R.
See Remarks below
Transactions
- Award
Employee Stock Option (right to buy)
2018-05-07+27,262→ 27,262 totalExercise: $25.34Exp: 2028-05-07→ Ordinary Shares (27,262 underlying) - Award
Ordinary Shares - Restricted Stock Units
2018-05-07+5,426→ 58,479 total
Holdings
- 13.795
Ordinary Shares
Footnotes (5)
- [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 53,053 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]Employee stock option granted under the nVent Electric plc 2018 Omnibus Incentive Plan.
- [F5]One-third of the stock options become exercisable on each of January 2, 2019, 2020 and 2021.