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

Senior Vice President & CFO of ITT Inc., Emmanuel Caprais, reports acquisition and disposal of common stock due to vesting of restricted stock units and performance units, as well as tax liability fulfillment.

Summary

• Emmanuel Caprais, Senior Vice President & CFO of ITT Inc., filed a Form 4 detailing changes in beneficial ownership of ITT Inc. common stock on March 4, 2025.
• Caprais acquired 5,365 shares of common stock through an award of restricted stock units that will vest on March 4, 2028.
• He also acquired 18,397 shares upon the settlement of performance units granted in 2022.
• 8,520 shares were withheld to cover tax liabilities related to the settlement of performance units, and 2,841 shares were withheld to cover tax liabilities related to the vesting of restricted stock units.
• Following these transactions, Caprais directly owns 45,171 shares and indirectly owns 1,100 shares through a 401(k) plan as of February 27, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and does not indicate any significant positive or negative developments for the company.

Positives

• The acquisition of shares through vesting of restricted stock units and settlement of performance units indicates that the executive is incentivized to improve company performance.

Future Outlook

The reporting person will continue to hold and manage their ITT Inc. shares, with future vesting events and potential transactions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units and performance units are common across publicly traded companies like ITT Inc., such as similar programs at General Electric or Honeywell.
• The vesting schedules and performance criteria are typically designed to align executive incentives with long-term shareholder value, similar to practices observed at comparable industrial conglomerates.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

Keywords

Form 4, beneficial ownership, ITT Inc., Emmanuel Caprais, common stock, restricted stock units, performance units, tax liability, securities