Short answer
Eaton Corporation (ETN) filed an 8-K current report with the SEC on March 2, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Paulo Ruiz target incentive at 150% of base pay; COO Heath Monesmith at 105%; CFO Olivier Leonetti at 100% (prorated for 2026 tenure).
Eaton Corporation 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Paulo Ruiz target incentive at 150% of base pay; COO Heath Monesmith at 105%; CFO Olivier Leonetti at 100% (prorated for 2026 tenure)
- 2026 Program metrics: Adjusted EBITDA, Adjusted Operating Cash Flow, and Organic Growth; all tied to challenging but attainable goals
- ~3,500 salaried employees participate alongside executives, signaling broad pay-for-performance alignment
- Committee retains discretion to adjust payouts based on peer-relative performance and strategic execution progress
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