Form 4: ITT Executive's Stock Transaction for Tax Obligation
Insider Transaction Report
ITT Inc. Senior VP Lori B. Marino reported a disposition of 1,631 common shares to cover tax liabilities from RSU vesting, while also acquiring 167 shares through an employee stock purchase plan.
Summary
- Lori B. Marino, Senior Vice President, Chief Legal Officer, Chief Compliance Officer, and Secretary of ITT Inc., reported changes in her beneficial ownership.
- On January 3, 2026, 1,631 shares of ITT Inc. common stock were withheld to satisfy tax liabilities associated with the vesting of restricted stock units (RSUs).
- The shares withheld were valued at $177.62 per share, based on the average high/low price on January 5, 2026.
- Following this transaction, Marino beneficially owns 10,289 shares of common stock.
- The reported beneficial ownership includes 167 shares of Common Stock acquired under the ITT Inc. 2023 Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction involving the vesting of restricted stock units and subsequent tax withholding, alongside an acquisition through an employee stock purchase plan. This is a neutral event, reflecting standard executive compensation practices rather than significant positive or negative company performance.
Positives
- Lori B. Marino acquired 167 shares of Common Stock through the ITT Inc. 2023 Employee Stock Purchase Plan, indicating continued investment in the company by an executive.
Negatives
- 1,631 shares of common stock were disposed of to cover tax liabilities, which represents a reduction in direct beneficial ownership, although it is a standard practice for RSU vesting.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider stock transaction, specifically related to the vesting of executive compensation and participation in an employee stock purchase plan. Such transactions are common across all industries for publicly traded companies and do not inherently reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: The transaction represents a minor change in insider ownership, which is a routine event and generally has minimal direct impact on the broader shareholder base.
Key Dates
| Date | Description |
|---|---|
| 01/03/2026 | Vesting date of restricted stock units granted under the ITT Inc. 2011 Omnibus Incentive Plan. |
| 01/05/2026 | Date the number of shares withheld for tax liability was determined, based on the average high/low price of the Issuer's common stock. |
| 01/06/2026 | Signature date of the reporting person (or attorney-in-fact) for the Form 4 filing. |
Keywords
ITT Inc., Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, Tax Withholding, Employee Stock Purchase Plan, Beneficial Ownership
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