Form 4: Pentair Director Executes Stock Option and Sells Shares Under 10b5-1 Plan

Pentair director T. Michael Glenn exercised stock options and sold shares on December 2, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• T. Michael Glenn, a director at Pentair plc, executed a stock option to acquire 4,008 common shares at a price of $44.43 per share on December 2, 2024.
• On the same day, Glenn sold 4,008 common shares at a price of $109.14 per share.
• These transactions were conducted under a Rule 10b5-1 trading plan adopted on August 17, 2023.
• Following these transactions, Glenn directly owns 29,895 common shares and 2,281.128 restricted stock units.
• Glenn also indirectly owns 1,956.955 phantom stock units through a deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a routine filing of insider trading activity, which is neither positive nor negative in itself. The transactions were pre-planned and expected.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives and directors of publicly traded companies to manage their personal finances while avoiding insider trading concerns.
• The reported transactions are typical for directors who receive stock options as part of their compensation.
• Similar filings are regularly made by directors and officers of companies like Honeywell, 3M, and other industrial conglomerates.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are part of a pre-arranged trading plan and do not indicate a change in the director's long-term view of the company.

Key Dates

Keywords

Pentair, Director, Stock Option, Share Sale, 10b5-1 Plan, Insider Trading, Form 4