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nVent Electric plc — Director's Dealing 2018
May 9, 2018
30393_dirs_2018-05-09_40d29244-1b21-4e8b-8a75-45cbabe51300.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: nVent Electric plc (NVT)
CIK: 0001720635
Period of Report: 2018-05-07
Reporting Person: Heath Lynnette R (EVP & Chief HR Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-07 | Ordinary Shares - Restricted Stock Units | A | 4440 | — | Acquired | 30131 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-05-07 | Employee Stock Option (right to buy) | $25.34 | A | 22305 | Acquired | 2028-05-07 | Ordinary Shares (22305) | Direct |
Footnotes
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 25,691 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.