Form 4: Pentair EVP Karla C. Robertson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Karla C. Robertson, EVP, CSO, GC & Secretary of Pentair plc, reports acquisition and disposal of common shares related to performance share unit settlement and tax obligations.
Summary
- On February 24, 2025, Karla C. Robertson, EVP, CSO, GC & Secretary of Pentair plc, reported changes in beneficial ownership.
- She acquired 7,340 common shares upon settlement of performance share units at $0 per share.
- She disposed of 2,160 common shares at $92.62 per share to cover tax obligations related to the settlement.
- Following these transactions, Robertson directly owns 62,322 common shares.
- She also holds 7,083.054 common shares as restricted stock units and 4,800.019 common shares in a deferral plan.
- 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 in exempt transactions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It reflects routine transactions related to executive compensation.
Positives
- The settlement of performance share units indicates that performance goals were met, as certified by the Compensation Committee.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and compensation.
Key Dates
| Date | Description |
|---|---|
| December 31, 2024 | End of performance period for performance share units. |
| February 24, 2025 | Date of transaction (acquisition and disposal of shares) and certification of performance goals by the Compensation Committee. |
| February 26, 2025 | Date of signature for the Form 4 filing. |
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