nVent Electric plc — Director's Dealing 2023

Mar 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: nVent Electric plc (NVT)
CIK: 0001720635
Period of Report: 2023-03-01

Reporting Person: Faulconer Michael B (President - Thermal Management)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-01	Ordinary Shares	M	4139	—	Acquired	31355.0149	Direct
2023-03-01	Ordinary Shares	F	2053	$46.15	Disposed	29302.0149	Direct
2023-03-01	Ordinary Shares - Restricted Stock Units	A	3792	—	Acquired	11081	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-01	Employee Stock Option (right to buy)	$46.15	A	10567	Acquired	2033-03-01	Ordinary Shares (10567)	Direct
2023-03-01	Performance Share Units	$	M	4139	Disposed		Ordinary Shares (4139)	Direct

Footnotes

F1: Reflects the vesting of performance share units in shares earned pursuant to the satisfaction of conditions set forth in footnote 6.

F2: Shares surrendered to pay taxes applicable to vesting of performance share units.

F3: 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, 2023. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting.

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, 2023.

F6: Performance share units 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. Each of the foregoing nVent share price conditions has been satisfied. Each performance share unit represents a right to receive one nVent Electric plc share upon vesting.