Form 4: Pentair Director Michael Glenn Reports Stock Transactions

Director Michael Glenn of Pentair plc reported the acquisition of restricted stock units and the disposal of shares to cover taxes on vesting.

Summary

• Michael Glenn, a director at Pentair plc, reported transactions involving the company's stock.
• On January 2, 2025, Glenn acquired 1,643 restricted stock units (RSUs) at a price of $0 per unit.
• These RSUs were granted under the Pentair plc 2020 Share and Incentive Plan and each unit represents one Pentair plc share upon vesting.
• Also on January 2, 2025, Glenn disposed of 985 common shares at a price of $100.4 per share.
• These shares were surrendered to cover taxes related to the vesting of previously reported restricted stock units.
• Following these transactions, Glenn beneficially owns 31,192 common shares.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by a director, which is neither positive nor negative for the company's performance.

Industry Context

This is a routine filing related to stock transactions by a company director, which is common practice for publicly traded companies.

Comparison to Industry Standards

• Stock transactions by directors are a common occurrence in publicly listed companies.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement.
• Companies like Eaton Corporation, Emerson Electric, and Honeywell International also have directors who regularly report similar transactions.
• The vesting of restricted stock units and subsequent tax-related share disposals are typical compensation practices.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to director compensation and tax obligations.

Key Dates

Keywords

Pentair, Director, Stock Transactions, Restricted Stock Units, Share Vesting, Form 4, Michael Glenn