FEARON RICHARD H

Richard H. Fearon's 487-transaction Form 4 file reflects a career-long executive whose strongest liquidation chapter — 1,636,879 shares of Eaton Corp (ETN) sold across two filing threads totaling 348 transactions — closed before the recent filing window opened. His current activity has dispersed into five newer relationships, all of which are mechanically award-driven and sell-side-free: AVNT receives roughly 1,000-1,200 shares quarterly, CCK delivers 300-450 shares bimonthly, WAT produces small awards of 20-800 shares, and a single CRH award of 1,976 shares appeared in May 2025. The most recent filing, a 1,049-share AVNT award on June 30, 2026, is purely compensatory and contains no directional content. For a file whose historical signature is heavy liquidation, the transition to a calendar-driven vesting pattern is the most informative structural fact — it signals that the ETN chapters are closed and the remaining exposure is being maintained through compensation deliveries rather than through active portfolio management. The right watchlist question is whether any of these newer relationships ever produces a sell event, because at their current transaction counts (CCK at 29, WAT at 9) a single sell would represent a non-trivial break from the current mechanical pattern.