Form 4: Pentair EVP Jerome O. Pedretti Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP & CEO of Pool at Pentair, Jerome O. Pedretti, reports changes in beneficial ownership following the vesting of restricted stock units and associated tax obligations.
Summary
- On January 3, 2025, Jerome O. Pedretti, EVP & CEO, Pool at Pentair plc, reported changes in his beneficial ownership of Pentair shares.
- 1,112 common shares were disposed of to cover taxes related to the vesting of restricted stock units at a price of $101.06 per share.
- Following the transaction, Pedretti directly owns 42,434 common shares and 9,829.991 restricted stock units.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of stock transactions related to executive compensation and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, allowing investors to track executive sentiment and alignment with company performance.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Date of transaction: disposal of shares to cover taxes on vesting restricted stock units. |
| 01/07/2025 | Date of signature on the Form 4 filing. |
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