Eaton ($ETN) names David B.
Filed with the SEC on · Summarized by InvestorsBot
Eaton ($ETN) names David B. Foster EVP & CFO, effective Mar 2, 2026; he'll be principal financial officer. Foster, 54, is a long‑time exec (retired 2022; returned 2024) and consulted since Jul 2025—paid ~$233.6K by Eaton (Jan 1, 2025–Mar 2, 2026). 👔 #CFO #Leadership
$ETN CFO pay: base $815K; target short‑term incentive 100% of salary (prorated 2026). Equity grants: $875K options (10‑yr, 3‑yr vest), $875K RSUs (3‑yr vest), $1.75M target PSUs (3‑yr TSR vs peers to 12/31/2028). Grant date Apr 1, 2026. 💰 #Compensation #Governance
Change‑of‑control: qualifying termination pays cash = 3x base salary + 3x target annual incentive, prorated incentive, and up to 3 years continued health/welfare. Olivier Leonetti ceases CFO role Mar 2, 2026 and departs Mar 13, 2026. 🔁 $ETN #ExecChange