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 of restricted stock units and employee stock options, as well as disposition of shares to cover taxes.

Summary

• Robert P. Fishman, EVP, CFO & CAO of Pentair plc, filed a Form 4 detailing changes in beneficial ownership.
• On January 2, 2025, Fishman acquired 4,607 restricted stock units (RSUs) at $0, bringing the total holdings to 17,615.515.
• Fishman also acquired 12,591 employee stock options with an exercise price of $100.4, exercisable in tranches over three years, expiring on January 2, 2035.
• Additionally, 823 common shares were disposed of at $100.4 to cover taxes related to the vesting of restricted stock units, resulting in a total holding of 48,867 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of RSUs and stock options suggests confidence, while the sale of shares for tax purposes is a routine event.

Positives

• The acquisition of restricted stock units and employee stock options indicates confidence in Pentair's future performance.

Negatives

• The disposition of shares to cover taxes, while a common practice, slightly reduces Fishman's direct holdings in Pentair.

Risks

• The value of the stock options is dependent on Pentair's stock price exceeding the exercise price of $100.4.

Future Outlook

The report does not contain specific forward-looking statements, but the acquisition of stock options suggests an expectation of future stock price appreciation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates Fishman's ongoing investment in Pentair.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, but provide transparency into executive compensation and ownership.

Key Dates