Form 4: ITT Inc. Executive Emmanuel Caprais Reports Changes in Beneficial Ownership

Senior Vice President and CFO of ITT Inc., Emmanuel Caprais, reports acquisition and disposal of common stock and restricted stock units.

Summary

• On March 4, 2024, Emmanuel Caprais, Senior Vice President & CFO of ITT Inc., reported changes in beneficial ownership of ITT Inc. common stock.
• Caprais acquired 5,000 shares of common stock through an award of restricted stock units vesting on March 4, 2027.
• He also acquired 11,254 shares upon settlement of performance units granted on March 4, 2021.
• 4,731 shares were withheld to cover tax liabilities related to the settlement of performance units.
• An additional 2,183 shares were withheld to cover tax liabilities related to the vesting of restricted stock units.
• As of February 27, 2024, Caprais indirectly owns 1,090 shares through a 401(k) plan.
• Following these transactions, Caprais directly owns 29,929 shares of ITT Inc. common stock and indirectly owns 1,090 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports transactions related to stock awards and tax withholdings, which are common occurrences for executives.

Positives

• The acquisition of restricted stock units and performance units suggests confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.

Key Dates