Form 4: ITT Inc. Executive Bartlomiej Makowiecki Reports Share Withholding for Tax Obligations

Bartlomiej Makowiecki, SVP, Chief Strategy Officer and President, Industrial Process at ITT Inc., reported the withholding of 346 common stock shares to cover tax liabilities related to vesting restricted stock units.

Summary

• On September 14, 2024, Bartlomiej Makowiecki, an officer of ITT Inc., had 346 shares of common stock withheld to cover tax obligations arising from the vesting of restricted stock units.
• The withholding price was $135.73 per share.
• Following the transaction, Makowiecki directly owns 15,795 shares of ITT Inc. common stock.
• The reporting of this transaction was delayed due to an administrative error.

Sentiment

Score: 6

Explanation: The document is neutral. It reports a routine transaction (share withholding for taxes) with a minor negative (reporting delay).

Negatives

• The reporting of the transaction was delayed due to an administrative error.

Risks

• Administrative errors in reporting transactions could lead to compliance issues.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.

Key Dates