Form 4: ITT Inc. Director Don Defosset Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Don Defosset reports the acquisition of 1,114 restricted stock units in ITT Inc., scheduled to vest before the 2025 Annual Meeting of Shareholders.
Summary
- On May 15, 2024, Don Defosset, a director of ITT Inc., acquired 1,114 shares of common stock in the form of restricted stock units.
- These restricted stock units are scheduled to vest on the business day immediately prior to the ITT 2025 Annual Meeting of Shareholders.
- Following this transaction, Defosset's total beneficial ownership of ITT Inc. common stock is 21,807.678 shares, which includes 725 shares acquired through a dividend reinvestment plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, indicating a neutral sentiment. It reflects standard compensation practices.
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
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Acquisition of restricted stock units. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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