0000897069-24-000581.txt : 20240305
0000897069-24-000581.hdr.sgml : 20240305
20240305181631
ACCESSION NUMBER: 0000897069-24-000581
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: Faulconer Michael B
CENTRAL INDEX KEY: 0001739223
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38265
FILM NUMBER: 24723063
MAIL ADDRESS:
STREET 1: 1665 UTICA AVENUE
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
0001739223
Faulconer Michael B
1665 UTICA AVENUE
SUITE 700
ST. LOUIS PARK
MN
55416
true
President - Thermal Management
false
Ordinary Shares
2024-03-01
4
M
0
4139
0
A
37248.1462
D
Ordinary Shares
2024-03-01
4
F
0
2098
68.74
D
35150.1462
D
Ordinary Shares - Restricted Stock Units
2024-03-01
4
A
0
2546
0
A
10668
D
Employee Stock Option (right to buy)
68.74
2024-03-01
4
A
0
6444
0
A
2034-03-01
Ordinary Shares
6444
6444
D
Performance Share Units
2024-03-01
4
M
0
4139
0
D
Ordinary Shares
4139
0
D
Reflects the vesting of performance share units in shares earned pursuant to the satisfaction of conditions set forth in footnote 6.
Shares surrendered to pay taxes applicable to vesting of 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.
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 Michael D. Faulconer
2024-03-05