nVent Electric plc
For the period ended May 16, 2025. Filed Apr 1, 2025.
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May 16, 2025 · Filed Apr 1, 2025
Contents
Overview of Compensation Program and Objectives
Free Cash Flow
| | | | Full-year combined net cash provided by operating activities was $643 million and combined free cash flow was $562 million in 2024. This compares to full-year combined net cash provided by operating activities of $528 million and combined free cash flow of $465 million in 2023. Free cash flow is a key metric in our Management Incentive Plan, detailed beginning on page 37. | |
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Please see Appendix A for reconciliation of GAAP to non-GAAP financial measures included in this section.
Annualized Total Shareholder Return Performance as of December 31, 2024
Total Shareholder Return = Share Price Appreciation + Dividend Yield (annualized)
Overview of Compensation Program and Objectives
The Compensation and Human Capital Committee sets and administers the policies that govern our executive compensation, including:
establishing and reviewing executive base salaries;
overseeing our annual incentive compensation plan;
overseeing our long-term incentive compensation plan;
approving all awards under those plans;
annually evaluating risk considerations associated with our executive compensation programs; and
annually approving all compensation decisions for executive officers, including those for the Chief Executive Officer and the other Named Executive Officers.
The Committee believes that the most effective executive compensation program aligns executive initiatives with shareholders’ economic interests. The Committee seeks to accomplish this by rewarding the achievement of specific annual and long-term goals that create lasting shareholder value.
The Committee’s specific objectives include:
motivating and rewarding executives for achieving annual and long-term financial objectives;
aligning management and shareholder interests by encouraging employee stock ownership;
providing rewards commensurate with company performance;
encouraging growth and innovation; and
attracting and retaining top-quality executives and key employees.
2025 Proxy Statement 33
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