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B. Brickhouse

President - Americas Region, Electrical Sector In 2019, 2018, and 2017, 190,000, 190,000, and 181,250, respectively, of Mr. Arnold’s salary was attributable to his service as a member of Eaton’s Board of Directors. In 2019, 2018, and 2017, 150,000, 150,000, and 141,250, respectively, of Mr. Fearon’s salary was attributable to his service as a member of Eaton’s Board of Directors. These two columns show the grant date fair value of equity awards, computed in accordance with ASC 718, granted to the named executive officers. The value of stock options is based on the Black-Scholes option pricing model. The assumptions used in connection with these valuations are further described in Note 11 to the Consolidated Financial Statements of our 2019 annual report. The actual amounts realized by individual named executive officers likely will vary based on a number of factors, including the market performance of our shares, continued employment through the vesting date, and timing of option exercises. Non-Equity Incentive Plan Compensation reported in this column includes payments earned under the 2019 EIC Plan. The material features of this incentive plan are described in the Compensation Discussion and Analysis. For 2017, this column also included awards earned under our 2014-2017 ESIP. ESIP awards for this period had no embedded right to stock settlement and were settled in cash and therefore, reported in this column. In 2019, no named executive officers received above-market earnings on his nonqualified deferred compensation. The aggregate change in the actuarial present value of the accumulated benefit under all defined benefit pension plans for each named executive officer is noted below. Mr. Monesmith participated in the Cooper Pension Plan, which was merged with the Pension Plan for Eaton Corporation Employees in 2018. He receives no other benefit under the Pension Plan for Eaton Corporation Employees. Instead, he receives an additional employer-contribution under our defined contribution plan as discussed below and on page 53.

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