nVent Electric plc Non-Employee Director Compensation Policy

Summary

This document outlines the compensation policy for non-employee directors of nVent Electric plc. Non-employee directors receive annual cash retainers for board and committee service, with additional amounts for chair and lead director roles. They also receive annual equity grants in the form of restricted stock units, which vest at the next annual meeting or after one year, whichever is later. Directors must hold company shares until they meet a specified ownership guideline. The policy specifies amounts for each role and details on equity compensation and vesting.

EX-10.17 3 ex1017non-employeedirector.htm EX-10.17 Document

Exhibit 10.17

nVent Electric plc Non-Employee Director Compensation

Non-employee director compensation is as follows:


Board Retainer:		$85,000

Committee Retainers

	Audit and Finance:	$12,500
	Compensation and Human Capital:	$7,500
	Governance and Social Responsibility:	$7,500

Chairman, Lead Director and Committee Chair Retainers

	Non-executive Chair:	$140,000
	Lead Director:	$30,000
	Audit and Finance Committee Chair:	$20,000
	Compensation and Human Capital Committee Chair:	$15,000
	Governance and Social Responsibility Committee Chair:	$12,000

Equity Compensation		$145,000*

*Equity compensation will increase to $150,000 effective for grants to be made at the 2024 annual general meeting.

Grants to be made on the date of the Company’s annual general meeting

Grant made in the form of restricted stock units – vest on the date of the Company’s first annual general meeting of shareholders following the grant date, provided that if such date is less than 50 weeks after the grant date then the restricted stock units will vest on the date that is the first anniversary of the grant date



•Share withholding will be allowed to cover taxes on restricted stock unit vesting.

•Directors will be restricted from selling nVent ordinary shares until they meet the stock ownership guideline (5 times board retainer).