SEC Form 3
FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 04/01/2023 |
3. Issuer Name and Ticker or Trading Symbol
Eaton Corp plc [ ETN ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Ordinary Shares | 5,070 | D | |
Ordinary Shares | 60 | I | by family member |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Units | 02/23/2022(1) | (2) | Ordinary Shares | 257 | 0.0 | D | |
Restricted Stock Units | 02/23/2023(3) | (2) | Ordinary Shares | 571 | 0.0 | D | |
Restricted Stock Units | 02/22/2023(4) | (2) | Ordinary Shares | 386 | 0.0 | D | |
Restricted Stock Units | 02/22/2024(5) | (2) | Ordinary Shares | 1,235 | 0.0 | D | |
Stock Option | 02/26/2020(6) | 02/26/2029 | Ordinary Shares | 2,023 | 80.49 | D | |
Stock Option | 02/25/2021(7) | 02/25/2030 | Ordinary Shares | 4,154 | 98.21 | D | |
Stock Option | 02/23/2022(8) | 02/23/2031 | Ordinary Shares | 3,900 | 130.86 | D | |
Stock Option | 02/22/2023(9) | 02/22/2032 | Ordinary Shares | 2,400 | 151.76 | D | |
Stock Option | 02/22/2024(10) | 02/22/2033 | Ordinary Shares | 4,450 | 171.3 | D |
Explanation of Responses: |
1. These restricted stock units were granted on February 23, 2021 and vest as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer. |
2. This field is not applicable. |
3. These restricted stock units were granted on February 23, 2021 and vest as follows: 30% on the second and third anniversary of the grant date and the remaining 40% on the fourth anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer. |
4. These restricted stock units were granted on February 22, 2022 and vest as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer. |
5. These restricted stock units were granted on February 22, 2023 and vest as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one ordinary share of the Issuer. |
6. These stock options were granted on February 26, 2019 and are fully vested and exercisable. |
7. These stock options were granted on February 25, 2020 and are fully vested and exercisable. |
8. These stock options were granted on February 23, 2021 and become exercisable as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. |
9. These stock options were granted on February 22, 2022 and become exercisable as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. |
10. These stock options were granted on February 22, 2023 and become exercisable as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date. |
Remarks: |
President - Vehicle Group of Eaton Corporation, a subsidiary of the Issuer. Power of Attorney is attached hereto as Exhibit 24. |
/s/ Lizbeth L. Wright, as Attorney-in-Fact | 04/03/2023 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |