Form 4: ITT Inc. Executive Makowiecki Reports Stock Transactions
SEC Form 4 Filing
ITT Inc. executive Bartlomiej Makowiecki reports acquisition and disposal of company stock related to restricted stock units and performance units.
Summary
- On March 4, 2025, Bartlomiej Makowiecki, SVP, Chief Strategy Officer and President, Industrial Process at ITT Inc., reported transactions involving ITT Inc. common stock.
- Makowiecki acquired 4,025 shares of common stock through an award of restricted stock units that will vest on March 4, 2028.
- He also acquired 6,510 shares upon the settlement of performance units granted on March 4, 2022.
- 1,931 shares were withheld to cover tax liabilities related to the settlement of performance units.
- An additional 1,482 shares were withheld to cover tax liabilities related to the vesting of restricted stock units.
- Following these transactions, Makowiecki directly owns 22,917 shares of ITT Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The acquisition of shares through vesting of restricted stock units and settlement of performance units indicates confidence in the company's future performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
- The vesting schedules and performance-based equity awards are common compensation practices among companies like ITT Inc. to align executive incentives with shareholder value.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/04/2022 | Performance units granted under the Plan. |
| 03/04/2025 | Date of transactions: acquisition of restricted stock units, settlement of performance units, and withholding of shares for tax liabilities. |
| 03/04/2028 | Vesting date for restricted stock units. |
| 03/06/2025 | Date of Form 4 signature. |
Keywords
ITT Inc., Makowiecki, stock, restricted stock units, performance units, Form 4, insider trading
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