NOTE: All other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Plan Participants and Plan Administrator of
nVent Management Company Retirement Savings and Investment Plan
Opinion on the Financial Statements
We have audited the accompanying statement of net assets available for benefits of nVent Management Company Retirement Savings and Investment Plan (the "Plan") as of December 31, 2021 and 2020, the related statement of changes in net assets available for benefits for the year ended December 31, 2021, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2021 and 2020, and the changes in net assets available for benefits for the year ended December 31, 2021, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Report on Supplemental Schedule
The supplemental schedule of assets (held at end of year) as of December 31, 2021 has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental schedule is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in compliance with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, such schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ Deloitte & Touche LLP
Minneapolis, Minnesota
June 27, 2022
We have served as the auditor of the Plan since 2020.
NVENT MANAGEMENT COMPANY RETIREMENT SAVINGS AND INVESTMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 2021 and 2020
2021
2020
ASSETS:
Participant-directed investments — at fair value
$
581,432,819
$
533,841,108
Receivables
Notes receivable from participants
5,787,505
6,511,180
Employee contributions
559,957
574,305
Employer contributions
278,831
139,951
Other
—
43,820
Total receivables
6,626,293
7,269,256
Total assets
588,059,112
541,110,364
NET ASSETS AVAILABLE FOR BENEFITS
$
588,059,112
$
541,110,364
See accompanying notes to financial statements.
2
NVENT MANAGEMENT COMPANY RETIREMENT SAVINGS AND INVESTMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2021
ADDITIONS:
Contributions
Employee
$
20,832,748
Employer
8,559,642
Rollover
1,988,012
Total contributions
31,380,402
Investment income
Interest and dividend income
7,665,081
Net appreciation in the fair value of investments
79,727,308
Total investment income
87,392,389
Total additions
118,772,791
DEDUCTIONS:
Distributions to participants
71,683,689
Administrative expenses
140,354
Total deductions
71,824,043
INCREASE IN NET ASSETS
46,948,748
NET ASSETS AVAILABLE FOR BENEFITS — Beginning of year
541,110,364
NET ASSETS AVAILABLE FOR BENEFITS — End of year
$
588,059,112
See accompanying notes to financial statements.
3
Notes to financial statements
As of and for the year ended December 31, 2021
1.DESCRIPTION OF THE PLAN
The following description of the nVent Management Company Retirement Savings and Investment Plan (the "Plan") provides only general information. Participants should refer to the Plan document for a more complete description of the Plan.
The Separation — In April 2018, Pentair plc ("Pentair") completed the separation of its Water business and its Electrical business into two independent, publicly traded companies (the "Separation"). To effect the Separation, Pentair distributed to its shareholders one ordinary share of nVent Electric plc ("nVent" or the "Company") for every ordinary share of Pentair held as of the record date of April 17, 2018 (the "Distribution"). The Separation was effective on May 1, 2018. In connection with the Separation and Distribution, the nVent Board of Directors approved the Plan for Pentair employees who transferred employment to nVent. The Plan was established on January 1, 2019.
General Information — The Plan is a defined contribution plan with a cash or deferred arrangement described in Internal Revenue Code ("IRC") Section 401(k). With certain exceptions, the Plan covers employees of U.S. subsidiaries of the Company who have attained age 18, although such employees must have one year of service before becoming vested in employer matching contributions. nVent Management Company is a subsidiary of the Company, and is the Plan sponsor as well as Plan administrator. Fidelity Management Trust Company ("Fidelity") is recordkeeper and trustee of the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"), as amended.
Participation — Participation for regular full- and part-time employees may commence effective with the date of hire, provided that the employee is at least age 18. Participant contributions are subject to a maximum of 50% of pre-tax compensation and 15% of after-tax compensation for a combined limit of 65% of compensation. Employee contributions are also subject to the IRC 402(g) limitation of $19,500 for 2021 and 2020. Employees who will be age 50 or older are permitted to make additional catch up contributions to the Plan up to the IRC limitation of $6,500 for 2021 and 2020.
The Plan has an automatic enrollment feature for new employees at a rate of 5% of eligible compensation with an automatic annual increase of 1% per year until the participant reaches a deferral rate of 10%. Employees can opt-out of automatic enrollment and automatic annual increase at any time.
In the first half of 2020, matching contributions were 100% of the first 5% of eligible compensation that was contributed to the Plan by the participant on a pre-tax basis made in the form of cash. In March 2020, the World Health Organization declared the novel strain of coronavirus ("COVID-19") a pandemic. The pandemic significantly impacted the economic conditions in the U.S. and global financial markets. In response to the adverse effects of the COVID-19 pandemic, effective July 1, 2020, the Company reduced the employer matching contributions to 50% of the first 5% of eligible compensation that was contributed to the Plan by the participant on a pre-tax basis. On January 1, 2021, the Company increased the employer matching contributions to 60% of the first 5% of eligible compensation contributed to the Plan by the participant on a pre-tax basis, and on July 1, 2021, the Company increased the employer matching contributions back to 100% of the first 5% of eligible compensation contributed to the Plan by the participant on a pre-tax basis.
Participant Accounts — Individual accounts are maintained for each Plan participant. Each participant's account is credited with the participant's contributions, the Company's matching contributions, and investment gains and losses, and charged with withdrawals and allocations of Plan administrative expenses. The benefit to which a participant is entitled under the Plan is the value of the participant's vested account.
Investments — Participants direct the investment of their account into various investment options offered by the Plan and may change investments and transfer amounts daily. The Plan currently offers various investment alternatives to Plan participants, consisting of corporate stock, mutual funds and stable value funds. Participants may also direct their investments through a trustee sponsored brokerage account, which offers the option to invest in a variety of individual stocks and mutual funds. Participants cannot allocate more than 25% of their contributions into the Company’s ordinary shares. Investment management fees are charged against 401(k) trust earnings before such earnings are allocated to participant accounts.
Notes receivable from participants — Loans for any reason are allowed under the Plan. The interest rate charged is prime rate plus 1% at the time funds are borrowed. The maximum maturity of the loans is five years (15 years for loans to purchase a primary residence). The minimum loan amount is $1,000, and the maximum is the lesser of 50% of the vested account balance, not including employer contributions, or $50,000. Due to transfers of notes receivable from participants
4
Notes to financial statements
As of and for the year ended December 31, 2021
related to plan transfers, certain loans outstanding as of December 31, 2021 and 2020 may bear interest at rates higher than the prime rate plus 1%, however, there are no loans outstanding with an original maturity greater than 15 years.
Vesting — Participants are vested immediately in all elective deferral, after-tax, rollover, and discretionary contributions, plus actual earnings thereon. All matching contributions are 100% vested upon completion of one year of service.
Administrative Expenses — Administrative expenses of the Plan are paid in part by the Plan sponsor and the participants as provided in the Plan document.
The Plan has a revenue-sharing agreement whereby certain investment managers return a portion of the investment fees to the recordkeeper to offset the Plan's administrative expenses. Future Plan expenses can be paid from any excess remaining revenue sharing amounts. During 2021, there were no Plan administrative expenses paid from this unallocated account. The Plan held undistributed administrative revenues of $3,183 and $693 at December 31, 2021 and 2020, respectively.
Payment of Benefits — Upon severance from service for any reason, a participant may elect to receive a lump-sum amount equal to the value of the participant's vested account balance. Some participants can also elect annual installments over a term-certain period.
Hardship Withdrawals — Hardship withdrawals are available for immediate and heavy financial need up to the amount of pre-tax contributions and earnings thereon. Hardship withdrawals can occur any time with a maximum of two per calendar year.
Forfeitures — The plan document permits the use of forfeitures to either reduce future employer contributions or plan administrative expenses for the plan year. As of December 31, 2021 and 2020, forfeited nonvested accounts totaled $7,065 and $9,464, respectively. During the year ended December 31, 2021, employer contributions were reduced by $61,003, and Plan administrative expenses were not reduced, as a result of the forfeited nonvested accounts.
Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") — On March 27, 2020, the CARES Act was signed into law in response to the COVID-19 pandemic. The CARES Act allows retirement plans to provide qualified participants who are impacted by COVID-19 (as defined in the CARES Act) with greater access to their savings. As permitted by the CARES Act, the Plan opted in to implement the following provisions:
–Coronavirus-related distribution - Qualified participants may take a coronavirus-related distribution of up to $100,000 from their Plan without a 10% early withdrawal penalty. Eligible distributions were allowed to be taken up to December 31, 2020. Coronavirus-related distributions may be repaid within three years.
–Participant loans - Qualified participants may elect to suspend loan repayments due through December 31, 2020. Repayments resumed in January 2021. Loans were reamortized to extend the payoff period by 1 year and include accrued interest for the suspension period.
–Required minimum distributions - Required minimum distributions were temporarily suspended for 2020 for retired and retirement-aged individuals.
2.SIGNIFICANT ACCOUNTING POLICIES
Basis of accounting
The financial statements of the Plan have been prepared on the accrual basis of accounting and in accordance with accounting principles generally accepted in the United States of America ("GAAP").
Use of estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and changes therein and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Investment valuation and income recognition
The Plan provides various investment options to its participants, including corporate stock, mutual funds and stable value funds. Participants may also direct their investments through a trustee sponsored brokerage account, which offers the option to invest in a variety of individual stocks and mutual funds. Investment securities, in general, are exposed to various risks, such as interest rate risk, credit risk and overall market volatility. Due to the level of risk associated with
5
Notes to financial statements
As of and for the year ended December 31, 2021
certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the value of the participants' account balances and the amounts reported in the financial statements.
The Plan's investments are stated at fair value. Accounting guidance related to fair value measurements, which establishes a single authoritative definition of fair value, sets a framework for measuring fair value, and requires additional disclosures about fair value measurements (see note 3). Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation and depreciation in the fair value of investments includes gains and losses in investments sold during the year as well as appreciation and depreciation of the investments held at year end.
Notes receivable from participants
Notes receivable from participants are measured at their unpaid balance plus any accrued but unpaid interest. Delinquent participant loans are recorded as distributions based on the terms of the Plan document.
Payment of benefits
Benefit payments to participants are recorded upon distribution. There were no participants who have elected to withdraw from the Plan but had not yet been paid at December 31, 2021 or 2020.
3.FAIR VALUE MEASUREMENTS
The Plan's estimates of fair value for financial assets are based on the framework established in the fair value accounting guidance. Fair value is the price that would be received by the Plan for an asset or paid by the Plan to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date in the Plan's principal or most advantageous market for the asset or liability. Fair value measurements are determined by maximizing the use of observable inputs and minimizing the use of unobservable inputs. The hierarchy places the highest priority on unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurements) and gives the lowest priority to unobservable inputs (Level 3 measurements). The three levels of inputs within the fair value hierarchy are defined as follows:
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan has the ability to access.
Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
Level 3: Significant unobservable inputs that reflect the Plan's own assumptions about the assumptions that market participants would use in pricing an asset or liability.
In some cases, a valuation technique used to measure fair value may include inputs from multiple levels of the fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.
Certain investments are measured at fair value on a recurring basis in the statement of net assets available for benefits. The following methods and assumptions were used to estimate the fair values:
Mutual funds, ordinary shares and other investments — These investments are classified as Level 1 and consist of various publicly-traded money market funds, mutual funds, ordinary shares and other investments. Ordinary shares are valued at the closing price reporting on the active market on which the securities are traded on the last business day of the Plan year. Shares of registered investment companies, consisting of mutual funds, are valued at quoted market prices and are actively traded.
Self-directed brokerage account — These investments are classified as Level 1 and include a variety of ordinary shares and mutual funds, as well as uninvested cash, which is recorded at carrying value as maturities are less than three months.
Common/collective trusts — These investments consist of various other collective investment trust funds. The underlying investments in these collective investment trust funds primarily include intermediate and long-term debt securities, corporate debt securities, equity securities and fixed income securities. The overall fair value of the common/collective trusts are valued at net asset value ("NAV"), which is based on the fair value of the underlying securities owned
6
Notes to financial statements
As of and for the year ended December 31, 2021
by the fund and divided by the number of shares outstanding. The NAV, as provided by the trustee, is used as a practical expedient to estimate fair value. This practical expedient would not be used if it is determined to be probable that the fund will sell the investment for an amount different than the reported NAV. There are no unfunded commitments within these trusts, and participant-directed withdrawals may be made at any time without penalty, regardless of their frequency or amount.
Stable value fund — A collective trust fund that is composed primarily of fully benefit-responsive investment contracts that is valued at the NAV of units of the bank collective trust. The NAV, as provided by the trustee, is used as a practical expedient to estimate fair value. This practical expedient would not be used if it is determined to be probable that the fund will sell the investment for an amount different from the reported NAV. Participant transactions (purchases and sales) may occur daily. If the Plan initiates a full redemption of the collective trust, the issuer reserves the right to require 12 months’ notification in order to confirm that securities liquidations will be carried out in an orderly business manner.
In accordance with GAAP, investments measured at NAV as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in the following tables are intended to permit reconciliation to the amount presented in the statement of net assets available for benefits.
The fair values of the Plan's investments measured at fair value on a recurring basis and their respective level within the fair value hierarchy was as follows:
December 31, 2021
Quoted Prices in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Total
nVent Electric plc ordinary shares
$
17,507,908
$
—
$
—
$
17,507,908
Interest-bearing cash
4,629,652
—
—
4,629,652
Mutual funds
82,258,617
—
—
82,258,617
Self-directed brokerage accounts
3,950,989
—
—
3,950,989
Net investments in the fair value hierarchy
$
108,347,166
$
—
$
—
$
108,347,166
Investments valued at NAV- common/collective trusts
432,020,725
Investments valued at NAV- stable value fund
41,064,928
Total investments at fair value
$
108,347,166
$
—
$
—
$
581,432,819
December 31, 2020
Quoted Prices in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Total
nVent Electric plc ordinary shares
$
12,748,436
$
—
$
—
$
12,748,436
Pentair plc ordinary shares
24,684,701
—
—
24,684,701
Interest-bearing cash
6,590,555
—
—
6,590,555
Mutual funds
74,811,826
—
—
74,811,826
Self-directed brokerage accounts
863,949
—
—
863,949
Net investments in the fair value hierarchy
$
119,699,467
$
—
$
—
$
119,699,467
Investments valued at NAV- common/collective trusts
369,979,672
Investments valued at NAV- stable value fund
44,161,969
Total investments at fair value
$
119,699,467
$
—
$
—
$
533,841,108
Transfers Between Levels — The availability of observable market data is monitored to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model-based valuation techniques may require the transfer of financial instruments from one fair value level to another. In such instances, the transfer is reported at the beginning of the reporting period.
7
Notes to financial statements
As of and for the year ended December 31, 2021
We evaluate the significance of transfers between levels based upon the nature of the financial instrument and size of the transfer relative to total net assets available for benefits. For the year ended December 31, 2021 and 2020, there were no transfers between levels.
4.FEDERAL INCOME TAX STATUS
The Internal Revenue Service ("IRS") has determined and informed the Company by a letter dated May 24, 2019, that the Plan and related trust were designed in accordance with the applicable regulations of the IRC. The Company and Plan management believe that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC, and the Plan and related trust continue to be tax-exempt. Therefore, no provision for income taxes has been included in the Plan’s financial statements.
5.EXEMPT PARTY-IN-INTEREST TRANSACTIONS
Certain Plan investments are stable value funds and shares of mutual funds managed by Fidelity. Fidelity is the trustee and recordkeeper as defined by the Plan. These transactions qualify as exempt party-in-interest transactions. Fees paid by the Plan for investment management services were included as a reduction of the return earned on each fund. Administrative revenues arise when investment managers return a portion of the investment fees to Fidelity to offset the administrative expenses. Any excess resulting from this revenue sharing remains in an unallocated account from which future Plan expenses can be paid. During 2021, there were no Plan expenses paid from this unallocated account. The Plan held undistributed administrative revenues of $3,183 and $693 at December 31, 2021 and 2020, respectively.
At December 31, 2021 and 2020, the Plan held 0 and 464,934 ordinary shares of Pentair. During the year ended December 31, 2021, the Plan recorded dividend income of $70,824 with respect to the ordinary shares of Pentair. Effective April 1, 2021, the Pentair ordinary share investment option was removed from the Plan. Prior to April 1, 2021, participants had the option to exchange all or a portion of their investment balance in Pentair ordinary shares to another investment option, or have the shares transferred to a self-directed brokerage account. As of April 1, 2021, any remaining ordinary shares of Pentair not held in a self-directed brokerage account were liquidated and the proceeds were used to acquire the applicable target date fund based on the age of the participant.
At December 31, 2021 and 2020, the Plan held 460,685 and 547,326 ordinary shares of nVent, the parent of the sponsoring employer, with a cost basis of $6,072,999 and $6,752,827, respectively. During the year ended December 31, 2021, the Plan recorded dividend income of $275,388 with respect to the ordinary shares of nVent.
6.PLAN TERMINATION
Although it has not expressed any intention to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions set forth in ERISA. In the event that the Plan is terminated, participants would become 100% vested in their accounts.
7.RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
As of December 31, 2021 and 2020, the reconciliation of net assets available for benefits per the financial statements to the Form 5500 was as follows:
2021
2020
Net assets available for benefits per the financial statements
$
588,059,112
$
541,110,364
Less: Cumulative deemed distributions of participant loans
(281,989)
(336,312)
Net assets available for benefits per Form 5500
$
587,777,123
$
540,774,052
For the year ended December 31, 2021, reconciliation of the change in net assets available for benefits per the financial statements to the Form 5500 was as follows:
2021
Change in net assets available for benefits per the financial statements
$
46,948,748
Change in cumulative deemed distributions of participant loans
54,323
Change in net assets available for benefits per Form 5500
$
47,003,071
* * * * * *
8
SUPPLEMENTAL SCHEDULE FURNISHED PURSUANT TO THE
REQUIREMENTS OF FORM 5500
9
NVENT MANAGEMENT COMPANY RETIREMENT SAVINGS AND INCENTIVE PLAN
(EIN: 82-3123161)
(Plan #001)
FORM 5500, SCHEDULE H, LINE 4i — SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2021
Current
Description
Cost
Value
COMMON/COLLECTIVE TRUSTS:
JPMorgan SmartRetirement Passive Blend Income Fund
*
$
4,580,063
JPMorgan SmartRetirement Passive Blend 2020 Fund
*
19,701,177
JPMorgan SmartRetirement Passive Blend 2025 Fund
*
43,578,299
JPMorgan SmartRetirement Passive Blend 2030 Fund
*
47,155,788
JPMorgan SmartRetirement Passive Blend 2035 Fund
*
25,858,612
JPMorgan SmartRetirement Passive Blend 2040 Fund
*
25,812,679
JPMorgan SmartRetirement Passive Blend 2045 Fund
*
19,567,813
JPMorgan SmartRetirement Passive Blend 2050 Fund
*
25,196,935
JPMorgan SmartRetirement Passive Blend 2055 Fund
*
12,413,407
JPMorgan SmartRetirement Passive Blend 2060 Fund
*
3,890,331
Fidelity Growth Company Comingled Pool(1)
*
140,282,481
Legal & General US Total Stock Market Index
*
50,993,400
Legal & General International Developed Index
*
2,412,458
BlackRock Total Return Bond Fund
*
10,577,282
Total common collective trusts
$
432,020,725
REGISTERED INVESTMENT COMPANIES:
Oakmark Fund Investor Class
*
$
29,282,113
Dodge & Cox International Stock Fund
*
9,981,910
Fidelity US Bond Index PR(1)
*
5,511,302
Victory Integrity Small Cap Value Fund R6
*
9,146,883
Vanguard International Growth Fund ADM
*
9,528,692
Loomis Sayles Small Cap Growth Fund Class N
*
18,807,717
Total registered investment companies
$
82,258,617
INTEREST-BEARING CASH
Vanguard Federal Money Market
*
4,629,652
Total interest-bearing cash
$
4,629,652
ORDINARY SHARES
nVent Electric plc ordinary shares(1)
*
17,507,908
Total ordinary shares
$
17,507,908
SELF-DIRECTED BROKERAGE ACCOUNTS
Fidelity Brokerage Link(1)
*
3,950,989
STABLE VALUE FUND:
Fidelity Managed Income Portfolio II, CL 1 (1)
*
41,064,928
PARTICIPANT PROMISSORY NOTES LOANS — Loan Fund (1) (2)
*
5,505,516
TOTAL
$
586,938,335
(1)Party-in-interest.
(2)Interest rates range from 3.25% to 11.50%. Maturity dates range from 2022 to 2036.
* Cost information is not required for participant-directed investments and, therefore, is not included.
Consent of Independent Registered Public Accounting Firm
11
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, nVent Management Company, who administers the nVent Management Company Retirement Savings and Investment Plan has duly caused this annual report to be signed on its behalf by the undersigned, hereunto duly authorized, on June 27, 2022.
nVent Management Company Retirement Savings and Investment Plan
