nVent Electric (NVT) Proxy filing summary

Executive summary

• Achieved $3.9 billion in sales for 2025, representing 30% growth (13% organic), with acquisitions contributing 16 points and a backlog of $2.3 billion.

• Reported EPS rose 82% to $2.60; adjusted EPS increased 35% to $3.35; free cash flow reached $561 million, up 31%.

• Data center sales exceeded 50% growth, now accounting for ~$1 billion; infrastructure segment now 45% of total sales.

• Portfolio transformation included the acquisition of EPG and divestiture of the Thermal Management business.

• Recognized for sustainability achievements and employee engagement, with a 51% total shareholder return.

Voting matters and shareholder proposals

• Board and management engaged with shareholders representing 12% of outstanding shares, with directors participating in all calls.

• Engagement topics included AI strategy, risk oversight, board composition, executive compensation, human capital management, and sustainability.

• Annual engagement cycle includes pre-AGM meetings, post-meeting feedback assessment, and ongoing governance adjustments.

Board of directors and corporate governance

• All non-employee directors are independent; an independent lead director holds robust responsibilities.

• Board effectiveness supported by formal orientation, continuing education, and annual self-assessments led by a third party in 2025.

• Board nominees average 5 years tenure and 64 years of age, with diverse skills in cybersecurity, sustainability, finance, and operations.

• Board and committees oversee risk, including sustainability, AI, and cybersecurity, and succession planning.