Eaton Corporation Announces Executive Departure and Compensation Agreement for HR Chief Ernest Marshall

Reuters
22 Jul
Eaton Corporation Announces Executive Departure and Compensation Agreement for HR Chief Ernest Marshall

Eaton Corporation plc has announced a new compensation agreement for Ernest Marshall, the company's Executive Vice President and Chief Human Resources Officer, who is set to depart on September 30, 2025. As per the agreement, Marshall will receive a payment amounting to 1.5 times his current annual salary and target annual incentive under Eaton's short-term incentive plan. Additionally, he will be eligible for pro-rated benefits in open award periods under the company's performance-based short- and long-term incentive programs. The agreement also guarantees the continued vesting of his unvested stock options and restricted share units. This arrangement follows a filing with the Securities and Exchange Commission detailing these compensation terms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eaton Corporation plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-026628), on July 21, 2025, and is solely responsible for the information contained therein.

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