Sec Form 4 Filing - Lammers Jon D. @ nVent Electric plc - 2023-03-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Lammers Jon D.
2. Issuer Name and Ticker or Trading Symbol
nVent Electric plc [ NVT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, Gen. Counsel & Secretary
(Last) (First) (Middle)
1665 UTICA AVENUE, SUITE 700
3. Date of Earliest Transaction (MM/DD/YY)
03/01/2023
(Street)
ST. LOUIS PARK, MN55416
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 03/01/2023 M( 1 ) 6,898 A $ 0 48,274 D
Ordinary Shares 03/01/2023 F( 2 ) 3,146 D $ 46.15 45,128 D
Ordinary Shares - Restricted Stock Units 03/01/2023 A( 3 ) 4,875 A $ 0 15,396 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 46.15 03/01/2023 A( 4 ) 13,586 ( 5 ) 03/01/2033 Ordinary Shares 13,586 $ 0 13,586 D
Performance Share Units ( 6 ) 03/01/2023 M( 1 ) 6,898 ( 6 ) ( 6 ) Ordinary Shares 6,898 $ 0 6,899 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lammers Jon D.
1665 UTICA AVENUE
SUITE 700
ST. LOUIS PARK, MN55416
EVP, Gen. Counsel & Secretary
Signatures
/s/ John K. Wilson, Attorney-in-Fact for Jon D. Lammers 03/03/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects the vesting of performance share units in shares earned pursuant to the satisfaction of conditions set forth in footnote 6.
( 2 )Shares surrendered to pay taxes applicable to vesting of performance share units.
( 3 )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.
( 4 )Employee stock option granted under the nVent 2018 Omnibus Incentive Plan.
( 5 )One-third of the stock options become exercisable on the first, second and third anniversary of March 5, 2023.
( 6 )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.

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 4(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).

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