nVent Electric plc — Director's Dealing 2021

Mar 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: nVent Electric plc (NVT)
CIK: 0001720635
Period of Report: 2021-03-01

Reporting Person: Padmanabhan Aravind (EVP & Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Ordinary Shares - Restricted Stock Units	A	4991	—	Acquired	37527	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-01	Employee Stock Option (right to buy)	$27.55	A	22415	Acquired	2031-03-01	Ordinary Shares (22415)	Direct
2021-03-01	Performance Share Units	$	A	10348	Acquired		Ordinary Shares (10348)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary Shares - Deferral Plan	1344.691	Indirect

Footnotes

F1: Restricted stock units granted pursuant to the nVent Electric plc 2018 Omnibus Incentive Plan. One-third of the restricted stock units vest on the first, second and third anniversary of March 5, 2021. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting.

F2: End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).

F3: Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.

F4: Employee stock option granted under the nVent 2018 Omnibus Incentive Plan.

F5: One-third of the stock options become exercisable on the first, second and third anniversary of March 5, 2021.

F6: Performance share units will vest during the March 1, 2021-March 1, 2024 performance period one-third if the closing price for nVent shares exceeds $26.25 for 20 consecutive days and the reporting person is employed for 1 year from the grant date, one-third if the closing price for nVent shares exceeds $28.35 for 20 consecutive days and the reporting person is employed for 2 years from the grant date, and one-third if the closing price for nVent shares exceeds $30.62 for 20 consecutive days and the reporting person is employed for 3 years from the grant date.

F7: Performance share units granted pursuant to the nVent Electric plc 2018 Omnibus Incentive Plan. Each performance share unit represents a right to receive one nVent Electric plc share upon vesting.