Annual Report of Employee Stock Purchase/Savings Plan Form 11 K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 11-K

þ	ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2023

OR

¨	TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 001-38265

A.	Full title of the plan and the address of the plan, if different from that of the issuer named below:

nVent Management Company Retirement Savings and Investment Plan

nVent Management Company

1665 Utica Avenue South, Suite 700

St. Louis Park, Minnesota 55416

B:	Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

nVent Electric plc

The Mille, 1000 Great West Road, 8th Floor (East)

London, TW8 9DW

United Kingdom

NVENT MANAGEMENT COMPANY RETIREMENT SAVINGS AND INVESTMENT PLAN

TABLE OF CONTENTS

	Page
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	1
FINANCIAL STATEMENTS:
Statements of Net Assets Available for Benefits	2
Statement of Changes in Net Assets Available for Benefits	3
Notes to Financial Statements	4
SUPPLEMENTAL SCHEDULE FURNISHED PURSUANT TO THE REQUIREMENTS OF FORM 5500 -	10
Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets (Held at End of Year)	11
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, 2023 and 2022, the related statement of changes in net assets available for benefits for the year ended December 31, 2023, 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, 2023 and 2022, and the changes in net assets available for benefits for the year ended December 31, 2023, 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, 2023 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 20, 2024

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, 2023 and 2022

2023	2022
ASSETS:
Participant-directed investments - at fair value	$	569,004,123	$	467,914,891
Receivables
Notes receivable from participants	5,647,450	5,692,083
Employee contributions	715,123	603,120
Employer contributions	357,909	298,786
Total receivables	6,720,482	6,593,989
Total assets	575,724,605	474,508,880
NET ASSETS AVAILABLE FOR BENEFITS	$	575,724,605	$	474,508,880

See accompanying notes to financial statements.

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NVENT MANAGEMENT COMPANY RETIREMENT SAVINGS AND INVESTMENT PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2023

CONTRIBUTIONS:
Employee	$	27,033,872
Employer	13,897,068
Rollover	3,986,204
Total contributions	44,917,144
INVESTMENT INCOME:
Interest and dividend income	3,357,634
Net appreciation in the fair value of investments	106,599,684
Total investment income	109,957,318
DEDUCTIONS:
Distributions to participants	53,531,836
Administrative expenses	126,901
Total deductions	53,658,737
CHANGE IN NET ASSETS	101,215,725
NET ASSETS AVAILABLE FOR BENEFITS - Beginning of year	474,508,880
NET ASSETS AVAILABLE FOR BENEFITS - End of year	$	575,724,605

See accompanying notes to financial statements.

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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.

General Information- The Plan was established on January 1, 2019. 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 nVent Electric plc ("nVent" or 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. The Plan was restated effective November 1, 2022 to incorporate all historical plan amendments.

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 $22,500 for 2023. 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 $7,500 for 2023.

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.

Employee contributions are matched at the rate of 100% of the first 5% of eligible compensation that is contributed to the Plan by a 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 Plan earnings, and charged with withdrawals and allocations of Plan losses and 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, common/collective trusts 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 related to plan transfers in previous years, certain loans outstanding as of December 31, 2023 and 2022 may bear interest at rates higher than the prime rate plus 1% and have 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 2023, there were no Plan administrative expenses paid from this unallocated account. The Plan held undistributed administrative revenues of $52,832 and $9,382 at December 31, 2023 and 2022, respectively.

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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 - When certain terminations of participation in the Plan occur, the nonvested portion of the participant's account, as defined by the Plan, represents a forfeiture. 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, 2023 and 2022, forfeited nonvested accounts totaled $34,587 and $10,881, respectively. During the year ended December 31, 2023, employer contributions were reduced by $200,000 as a result of the forfeited nonvested accounts.

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.

Risks and uncertainties

The Plan provides various investment options to its participants, including corporate stock, mutual funds, common/collective trusts 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 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.

Concentration of investments

At December 31, 2023 and 2022 the Plan's investment in the Fidelity Growth Company Commingled Pool was $121,200,347 and $86,378,412, respectively and represented 21.3% and 18.5%, respectively of the Plan's total investments at fair value.

Investment valuation and income recognition

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.

Contributions

Contributions to the Plan from participants, and when applicable, from the Company are recorded in the period that payroll deductions are withheld from Plan participants.

Payment of benefits

Benefit payments to participants are recorded upon distribution.

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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 -Consists primarily of the following investments: (1) mutual funds, which are valued at quoted market prices and are actively traded; (2) a variety of ordinary shares, which 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; and (3) cash and cash equivalents, which approximate fair value due to their short term nature.

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 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.

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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, 2023
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	$	23,730,765	$	-	$	-	$	23,730,765
Interest-bearing cash	7,441,519	-	-	7,441,519
Mutual funds	61,540,115	-	-	61,540,115
Self-directed brokerage accounts	6,744,517	-	-	6,744,517
Net investments in fair value hierarchy	99,456,916	-	-	99,456,916
Investments valued at NAV- common/collective trusts	436,163,741
Investments valued at NAV- stable value fund	33,383,466
Total investments at fair value	$	99,456,916	$	-	$	-	$	569,004,123

December 31, 2022
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	$	16,709,237	$	-	$	-	$	16,709,237
Interest-bearing cash	4,954,883	-	-	4,954,883
Mutual funds	53,046,979	-	-	53,046,979
Self-directed brokerage accounts	3,483,896	-	-	3,483,896
Net investments in fair value hierarchy	78,194,995	-	-	78,194,995
Investments valued at NAV- common/collective trusts	347,616,416
Investments valued at NAV- stable value fund	42,103,480
Total investments at fair value	$	78,194,995	$	-	$	-	$	467,914,891

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.

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, 2023 and 2022, 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 April 24, 2024, that the Plan and related trust were designed in accordance with the applicable regulations of the IRC. In 2024, it was identified that certain operational issues occurred in the Plan. In order to prevent the Plan from incurring a qualification defect, the Plan's sponsor plans to take the necessary corrective action in accordance with the acceptable correction methods of the Employee Plans Compliance Resolution System ("EPCRS"). The Plan Sponsor is in the process of taking necessary corrective steps. The Plan Sponsor believes the Plan has maintained its tax-exempt status. 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

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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 2023, there were no Plan administrative expenses paid from this unallocated account. The Plan held undistributed administrative revenues of $52,832 and $9,382 at December 31, 2023 and 2022, respectively.

At December 31, 2023 and 2022, the Plan held 401,557 and 434,294 ordinary shares of nVent, the parent of the sponsoring employer, with a cost basis of $6,076,340 and $6,075,056, respectively. During the year ended December 31, 2023, the Plan recorded dividend income of $245,261 with respect to the ordinary shares of nVent.

Participant loans also qualify as party-in-interest transactions and amounted to $5,647,450 and $5,692,083 at December 31, 2023 and 2022, respectively.

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, 2023 and 2022, reconciliation of net assets available for benefits per the financial statements to the Form 5500 was as follows:

2023	2022
Net assets available for benefits per the financial statements	$	575,724,605	$	474,508,880
Less: Cumulative deemed distributions of participant loans	(338,190)	(308,709)
Net assets available for benefits per Form 5500	$	575,386,415	$	474,200,171

As of December 31, 2023 and 2022, reconciliation of notes receivable from participants per the financial statements to the Form 5500 was as follows:

2023	2022
Notes receivable from participants per the financial statements	$	5,647,450	$	5,692,083
Less: Cumulative deemed distributions of participant loans	(338,190)	(308,709)
Notes receivable from participants per Form 5500	$	5,309,260	$	5,383,374

For the year ended December 31, 2023, reconciliation of the change in net assets available for benefits per the financial statements to the Form 5500 was as follows:

2023
Change in net assets available for benefits per the financial statements	$	101,215,725
Less: Change in cumulative deemed distributions of participant loans	(29,481)
Change in net assets available for benefits per Form 5500	$	101,186,244

For the year ended December 31, 2023, reconciliation of net investment income per the financial statements to the Form 5500 was as follows:

2023
Net investment income per the financial statements	$	109,957,318
Less: Interest on deemed distributions of participant loans	(23,666)
Net investment income per Form 5500	$	109,933,652

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For the year ended December 31, 2023, reconciliation of benefits paid to participants per the financial statements to the Form 5500 was as follows:

2023
Distributions to participants per the financial statements	$	53,531,836
Add: Deemed distributions of participant loans	5,815
Distributions to participants per Form 5500	$	53,537,651

8.SUBSEQUENT EVENTS

Effective January 1, 2024, the Plan was amended to merge the ECM Industries, LLC 401(k) Plan (the "ECM Plan") and ILSCO 401(k) Plan for Collectively Bargained Employees (the "ILSCO Plan") into the Plan. The combined related participants and plan assets of approximately $54,500,000 were transferred to the Plan. Effective January 1, 2024, ECM Industries, LLC and ILSCO LLC became Participating Employers in the Plan and their employees were eligible to participate in the Plan.

* * * * * *

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SUPPLEMENTAL SCHEDULE FURNISHED PURSUANT TO THE

REQUIREMENTS OF FORM 5500

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NVENT MANAGEMENT COMPANY RETIREMENT SAVINGS AND INCENTIVE PLAN	(EIN: 82-3123161)
(Plan #001)
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) AS OF DECEMBER 31, 2023
Current
Description	Cost	Value
COMMON/COLLECTIVE TRUSTS:
Vanguard Target Retirement Income Fund	*	$	3,883,298
Vanguard Target Retirement 2020 Fund	*	14,003,156
Vanguard Target Retirement 2025 Fund	*	36,127,380
Vanguard Target Retirement 2030 Fund	*	50,440,390
Vanguard Target Retirement 2035 Fund	*	31,058,370
Vanguard Target Retirement 2040 Fund	*	28,180,027
Vanguard Target Retirement 2045 Fund	*	25,578,611
Vanguard Target Retirement 2050 Fund	*	29,243,291
Vanguard Target Retirement 2055 Fund	*	16,967,030
Vanguard Target Retirement 2060 Fund	*	7,617,070
Vanguard Target Retirement 2065 Fund	*	1,703,125
Vanguard Target Retirement 2070 Fund	*	45,944
Fidelity Growth Company Commingled Pool(1)	*	121,200,347
Legal & General Russell 3000 Fund	*	45,515,104
Legal & General MSCI EAFE Fund	*	2,234,180
BlackRock Total Return Bond Fund	*	8,154,198
Loomis Sayles Small Cap Growth Fund Class C	*	14,212,220
Total common/collective trusts	436,163,741
REGISTERED INVESTMENT COMPANIES
Oakmark Fund Investor Class	*	31,744,275
Dodge & Cox International Stock Fund	*	9,754,741
Fidelity US Bond Index Fund(1)	*	4,651,317
Victory Integrity Small Cap Value Fund R6	*	8,842,878
Vanguard International Growth Fund Admiral Shares	*	6,546,904
Total registered investment companies	61,540,115
INTEREST-BEARING CASH
Vanguard Federal Money Market	*	7,441,519
ORDINARY SHARES
nVent Electric plc ordinary shares(1)	*	23,730,765
SELF-DIRECTED BROKERAGE ACCOUNTS
Fidelity Brokerage Link(1)	*	6,744,517
STABLE VALUE FUND
Fidelity Managed Income Portfolio II, Class 1 (1)	*	33,383,466
NOTES RECEIVABLE FROM PARTICIPANTS, NET OF $338,190 IN DEEMED DISTRIBUTIONS (1) (2)	*	5,309,260
TOTAL	$	574,313,383

(1)Party-in-interest.

(2)Interest rates range from 3.25% to 9.50%. Maturity dates range from 2024 to 2040.

* Cost information is not required for participant-directed investments and, therefore, is not included.

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EXHIBIT INDEX

Exhibit No.		Description
23.1		Consent of Independent Registered Public Accounting Firm

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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 20, 2024.

nVent Management Company Retirement Savings and Investment Plan
By nVent Management Company
By	/s/ Randolph A. Wacker
Randolph A. Wacker
President and Treasurer

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