0000897069-24-000587.txt : 20240305 0000897069-24-000587.hdr.sgml : 20240305 20240305182612 ACCESSION NUMBER: 0000897069-24-000587 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240301 FILED AS OF DATE: 20240305 DATE AS OF CHANGE: 20240305 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Padmanabhan Aravind CENTRAL INDEX KEY: 0001795828 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38265 FILM NUMBER: 24723150 MAIL ADDRESS: STREET 1: 1665 UTICA AVENUE STREET 2: SUITE 700 CITY: ST. LOUIS PARK STATE: MN ZIP: 55416 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: nVent Electric plc CENTRAL INDEX KEY: 0001720635 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550] ORGANIZATION NAME: 06 Technology IRS NUMBER: 981391970 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: THE MILLE STREET 2: 1000 GREAT WEST ROAD, 8TH FLOOR (EAST) CITY: LONDON STATE: X0 ZIP: TW8 9DW BUSINESS PHONE: 763-204-7700 MAIL ADDRESS: STREET 1: C/O NVENT MANAGEMENT COMPANY STREET 2: 1665 UTICA AVE., SUITE 700 CITY: ST. LOUIS PARK STATE: MN ZIP: 55416 4 1 form4.xml X0508 4 2024-03-01 0001720635 nVent Electric plc NVT 0001795828 Padmanabhan Aravind 1665 UTICA AVENUE SUITE 700 ST. LOUIS PARK MN 55416 true EVP & CTO false Ordinary Shares 2024-03-01 4 M 0 3450 0 A 17510 D Ordinary Shares 2024-03-01 4 F 0 231 68.74 D 14248 D Ordinary Shares - Restricted Stock Units 2024-03-01 4 A 0 4001 0 A 14030 D Ordinary Shares - Deferral Plan 54285.795 I Plan Agent Employee Stock Option (right to buy) 68.74 2024-03-01 4 A 0 10127 0 A 2034-03-01 Ordinary Shares 10127 10127 D Performance Share Units 2024-03-01 4 M 0 3450 0 D Ordinary Shares 3450 0 D Reflects the vesting of performance share units in shares earned pursuant to the satisfaction of conditions set forth in footnote 8. Shares surrendered to pay taxes applicable to vesting of performance share units. End-of-period holdings reflect the deferral of vested performance share units. 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, 2024. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting. Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election. Employee stock option granted under the nVent 2018 Omnibus Incentive Plan. One-third of the stock options become exercisable on the first, second and third anniversary of March 5, 2024. 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. /s/ John K. Wilson, Attorney-in-Fact for Aravind Padmanabhan 2024-03-05