Form 4: Pentair EVP & CEO, Pool, Jerome O. Pedretti, Reports Share Transactions
SEC Form 4 Filing
Jerome O. Pedretti, EVP & CEO, Pool at Pentair plc, reports acquisition and disposal of common shares related to performance share unit settlement and tax obligations.
Summary
- On February 24, 2025, Jerome O. Pedretti, EVP & CEO, Pool at Pentair plc, acquired 7,935 common shares upon settlement of performance share units.
- The acquisition price was $0, reflecting the settlement of performance share units earned for the performance period ended December 31, 2024.
- On the same day, Pedretti disposed of 2,763 common shares at a price of $92.62 to cover tax obligations related to the settlement of performance share units.
- Following these transactions, Pedretti directly owns 47,606 common shares.
- Pedretti also holds 9,855.101 common shares as restricted stock units and 2,624.463 common shares indirectly through a deferral plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment. It reflects routine compensation practices.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving equity compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
- Similar filings are made by executives at comparable companies like Hayward Holdings and Pool Corporation, reflecting their equity compensation and trading activities.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related disposals.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | End of performance period for performance share units. |
| 02/24/2025 | Date of transaction (acquisition and disposal of shares). |
| 02/24/2025 | Compensation Committee certified the achievement of the performance goals. |
| 02/26/2025 | Date of signature for the report. |
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