Form 4: ITT Inc. Vice President & CAO Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Cheryl de Mesa Graziano, Vice President & CAO of ITT Inc., reports transactions involving common stock, including acquisition of restricted stock units and withholding of shares for tax liabilities.
Summary
- On March 4, 2025, Cheryl de Mesa Graziano, Vice President & CAO of ITT Inc., reported changes in beneficial ownership of ITT Inc. common stock.
- She acquired 1,520 restricted stock units under the ITT Inc. 2011 Omnibus Incentive Plan, vesting ratably on March 4, 2026, March 4, 2027, and March 4, 2028.
- 268 shares were withheld on March 3, 2025, at a price of $139.43 to cover tax liabilities related to vesting restricted stock units granted on March 3, 2023, resulting in 5,575 shares.
- An additional 166 shares were withheld on March 4, 2025, at a price of $133.99 to cover tax liabilities related to vesting restricted stock units granted on March 4, 2024, resulting in 5,409 shares.
- Following these transactions, Graziano directly owns 5,409 shares of ITT Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine regulatory filing detailing stock transactions by an insider. It doesn't inherently indicate positive or negative performance.
Positives
- The acquisition of restricted stock units indicates a continued investment in the company's future by a key executive.
Future Outlook
The reporting person will receive additional shares as the restricted stock units vest over the next three years.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for publicly traded companies like ITT Inc., similar to filings made by executives at comparable industrial companies such as Honeywell, 3M, and General Electric.
- The vesting schedule of the restricted stock units is a common incentive mechanism used across the industry to align executive compensation with long-term company performance.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/03/2023 | Date of grant for restricted stock units that vested on March 3, 2025 |
| 03/04/2024 | Date of grant for restricted stock units that vested on March 4, 2025 |
| 03/03/2025 | Withholding of 268 shares for tax liability related to vesting restricted stock units. |
| 03/04/2025 | Acquisition of 1,520 restricted stock units and withholding of 166 shares for tax liability. |
| 03/04/2026 | First vesting date for the acquired restricted stock units. |
| 03/04/2027 | Second vesting date for the acquired restricted stock units. |
| 03/04/2028 | Third vesting date for the acquired restricted stock units. |
| 03/06/2025 | Date of Form 4 filing. |
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