nVent Electric plc
For the period ended Mar 31, 2025. Filed May 2, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 2, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information with respect to purchases we made of our ordinary shares during the first quarter of 2025:
| (a) · (b) · (c) · (d) | |||||
|---|---|---|---|---|---|
| Period · Total number ofshares purchased · Average pricepaid per share · Total number ofshares purchased aspart of publiclyannounced plansor programs · Dollar value ofshares that mayyet be purchasedunder the plansor programs | |||||
| January 1 - January 25, 2025 | 1,048 | $68.32 | — | $400,000,005 | |
| January 26 - February 22, 2025 | 11,323 | 66.60 | — | 400,000,005 | |
| February 23 - March 31, 2025 | 1,090,088 | 55.58 | 956,337 | 346,879,919 | |
| Total | 1,102,459 | 956,337 | |||
(a)The purchases in this column include shares repurchased as part of our publicly announced plans and shares deemed surrendered to us by participants in the nVent Electric plc 2018 Omnibus Incentive Plan (the "2018 Plan") and earlier Pentair stock incentive plans that are now outstanding under the 2018 Plan (collectively the "Plans") to satisfy the exercise price or withholding of tax obligations related to the exercise of stock options, vesting of restricted shares and vesting of performance shares.
(b)The average price paid in this column includes shares repurchased as part of our publicly announced plans and shares deemed surrendered to us by participants in the Plans to satisfy the exercise price of stock options and withholding tax obligations due upon stock option exercises and vesting of restricted and performance shares.
(c)The number of shares in this column represents the number of shares repurchased as part of our publicly announced plans to repurchase our ordinary shares up to a maximum dollar limit authorized by the Board of Directors, discussed below.
(d)On May 17, 2024, the Board of Directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $500.0 million (the "2024 Authorization"). The 2024 Authorization began on July 23, 2024 and expires on July 22, 2027. As of March 31, 2025, we had $346.9 million available for share repurchases under the 2024 Authorization.
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