Form 4: Pentair EVP Philip M. Rolchigo Reports Changes in Beneficial Ownership

Philip M. Rolchigo, EVP & Chief Technology Officer of Pentair plc, reports the settlement of performance share units and related tax obligations, resulting in changes to his beneficial ownership of company shares.

Summary

• On February 24, 2025, Philip M. Rolchigo, EVP & Chief Technology Officer of Pentair plc, reported changes in his beneficial ownership of Pentair shares.
• He acquired 4,167 common shares upon the settlement of performance share units earned for the performance period ended December 31, 2024.
• The Compensation Committee certified the achievement of the performance goals on February 24, 2025.
• Rolchigo surrendered 296 shares to cover taxes related to the settlement of these performance share units at a price of $92.62 per share.
• Following these transactions, Rolchigo directly owns 19,643 common shares.
• He also has indirect ownership through restricted stock units (3,913.982 shares), an ESOP (68.138 shares), and a deferral plan (28,669.54 shares).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects routine transactions related to executive compensation. The vesting of performance share units suggests the company is meeting its goals, but the tax obligations offset some of the positive impact.

Positives

• The settlement of performance share units indicates that performance goals were met, as certified by the Compensation Committee.

Negatives

• The surrender of 296 shares to cover taxes reduces the overall increase in Rolchigo's share ownership.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The settlement of performance share units aligns executive compensation with company performance, potentially benefiting shareholders.

Key Dates