Summary
Eaton Corp plc (ETN) has filed an amendment to its Current Report (8-K/A) concerning a departure of a certain officer. The filing details an agreement reached on December 12, 2025, with Mr. Leonetti, outlining the payments and benefits he is entitled to receive following his departure. This agreement aligns with provisions previously disclosed in the company's March 14, 2025 proxy statement, ensuring a structured transition for the executive.
Key Highlights
- 1Amendment to 8-K filing relates to departure of Mr. Leonetti.
- 2Agreement for departure reached on December 12, 2025.
- 3Mr. Leonetti to receive 2.0 times his current annual salary plus target annual incentive.
- 4Pro-rated eligibility for performance-based long-term and short-term incentive programs based on completed service.
- 5Continued vesting of unvested stock options and restricted share units as per original schedules.
- 6Terms of the agreement are consistent with those disclosed in the company's March 14, 2025 proxy statement.