Overview
- Employees received individualized award notices in June, with payments scheduled annually over five years and tied to continued employment.
- Average allocations are about $443,000 per person, with larger amounts going to long-tenured staff.
- Eaton has completed the acquisition and is honoring the agreement, with funds already reaching workers.
- The distribution, rare in U.S. deals where non‑owners seldom share sale proceeds, has spurred visible spending in Minden, Louisiana.
- The sale followed a $150 million pivot into data‑center infrastructure that lifted sales nearly 400% over five years and attracted buyers.