Form 4: Pentair EVP, CFO & CAO Robert P. Fishman Reports Changes in Beneficial Ownership

Robert P. Fishman, EVP, CFO & CAO of Pentair plc, reports acquisition and disposal of common shares related to performance share unit settlement and tax obligations.

Summary

• On February 24, 2025, Robert P. Fishman acquired 13,689 Pentair plc common shares upon settlement of performance share units.
• Also on February 24, 2025, Fishman disposed of 6,352 common shares at $92.62 to cover tax obligations related to the performance share unit settlement.
• Following these transactions, Fishman directly owns 59,770 common shares and 12,226.151 restricted stock units.
• The performance goals for the performance share units were certified by the Compensation Committee on February 24, 2025.
• End-of-period holdings include shares acquired under a dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares due to performance goals being met is a positive indicator, while the disposal for tax purposes is a standard procedure. Overall, it reflects expected compensation practices.

Positives

• The settlement of performance share units indicates achievement of performance goals, which is a positive sign for the company's performance.

Negatives

• The disposal of shares to cover tax obligations, while a normal occurrence, slightly reduces Fishman's holdings.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• The settlement of performance share units aligns management's interests with those of shareholders, as their compensation is tied to company performance.

Key Dates