nVent Electric (NVT) Proxy filing summary

Executive summary

• 2025 was a transformational year, highlighted by the sale of the Thermal Management business and the acquisition of the Electrical Products Group, driving a 30% sales increase to $3.9 billion and record financial performance.

• The company is focused on high-growth infrastructure verticals, especially data centers and power utilities, with data center sales reaching $1 billion and significant investments in liquid cooling solutions.

• New products contributed 10 points to sales growth, and the company received multiple awards for ethics, workplace culture, and sustainability.

• The company returned $383 million to shareholders through dividends and share repurchases, and achieved a 51% annualized total shareholder return, outperforming its peer group.

Voting matters and shareholder proposals

• Shareholders will vote on the election of nine director nominees, approval of executive compensation (say-on-pay), ratification of Deloitte & Touche LLP as auditor, authorization to allot and issue new shares, opt out of statutory preemption rights, and set the price range for re-allotment of treasury shares.

• Proposals 1-4 require a simple majority, while proposals 5 and 6 require at least 75% approval.

• Proxy access and shareholder nomination procedures are outlined, with deadlines for 2027 proposals provided.

Board of directors and corporate governance

• The board consists of nine members post-AGM, with a majority being independent and an average tenure of five years.

• Committees include Audit and Finance, Compensation and Human Capital, and Governance and Sustainability, all composed of independent directors.

• The board conducts annual self-assessments, has robust director education, and enforces stock ownership guidelines.

• Board leadership includes a combined Chair/CEO role and an independent Lead Director.

• Active shareholder engagement is maintained, with directors participating in outreach and feedback cycles.