Form 4: ITT Inc. Director Cheryl Shavers Reports Acquisition of Restricted Stock Units

Director Cheryl Shavers reports acquisition of 1,114 restricted stock units of ITT Inc. scheduled to vest before the 2025 Annual Meeting of Shareholders.

Summary

• On May 15, 2024, Cheryl L Shavers, a director of ITT Inc., acquired 1,114 shares of common stock.
• These shares were awarded as restricted stock units.
• The restricted stock units are scheduled to vest on the business day immediately prior to the ITT 2025 Annual Meeting of Shareholders.
• Following the transaction, Shavers beneficially owns 11,628 shares of ITT Inc.
• This total includes 12 shares acquired through a dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by a director is generally viewed as a positive sign, indicating confidence in the company's future. However, the impact is limited as it's a relatively small transaction.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The restricted stock units are scheduled to vest on the business day immediately prior to the ITT 2025 Annual Meeting of Shareholders.

Industry Context

Acquisition of shares by company directors is a common practice and is often seen as a positive sign, indicating the director's confidence in the company's future prospects. It aligns the director's interests with those of the shareholders.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder sentiment.

Key Dates