Form 4: ITT Director Nazzic Keene Awarded Restricted Stock Units as Part of Compensation

ITT Inc. Director Nazzic Keene received an award of 1,040 restricted stock units, scheduled to vest prior to the 2026 Annual Meeting of Shareholders.

Summary

• Nazzic Keene, a Director of ITT Inc. (ITT), was awarded 1,040 shares of common stock in the form of restricted stock units (RSUs) on May 21, 2025.
• The transaction code for this acquisition was 'A', indicating an acquisition.
• The RSUs were awarded at a price of $0, which is typical for such grants.
• Following this transaction, Nazzic Keene beneficially owns a total of 3,106 shares of ITT common stock.
• All 1,040 restricted stock units are scheduled to vest on the business day immediately prior to the ITT 2026 Annual Meeting of Shareholders.

Sentiment

Score: 7

Explanation: The sentiment is positive as the award of restricted stock units to a director is a standard compensation practice that aligns the director's interests with the company's long-term performance and shareholder value.

Positives

• The award of restricted stock units aligns the director's interests with those of the shareholders, as the value of the award is tied to the company's stock performance.
• This type of equity compensation is a standard practice for retaining and incentivizing key personnel, including directors.

Future Outlook

The awarded restricted stock units are scheduled to vest on the business day immediately prior to the ITT 2026 Annual Meeting of Shareholders, indicating a future milestone for this compensation.

Industry Context

The award of restricted stock units to a director is a common and widely accepted practice in corporate governance across various industries, serving as a key component of executive and director compensation packages to align leadership incentives with long-term shareholder value.

Corporate Governance

Related Party Transactions

• The award of 1,040 restricted stock units to Nazzic Keene, a director, constitutes a related party transaction as it involves compensation to a member of the company's board of directors.

Stakeholder Impact

• Shareholders: The RSU award aims to align the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The vesting of the 1,040 restricted stock units on the business day immediately prior to the ITT 2026 Annual Meeting of Shareholders.

Key Dates

Keywords

ITT Inc., ITT, Nazzic Keene, Form 4, SEC filing, restricted stock units, RSU, director compensation, beneficial ownership, equity award