Form 4: Pentair EVP Philip M. Rolchigo Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Philip M. Rolchigo, EVP & Chief Technology Officer of Pentair plc, reports changes in beneficial ownership of company stock due to tax obligations related to vesting restricted stock units.
Summary
- On January 3, 2025, Philip M. Rolchigo, EVP & Chief Technology Officer of Pentair plc, filed a Form 4 to report changes in beneficial ownership.
- The filing indicates that 55 common shares were disposed of to cover tax obligations related to the vesting of restricted stock units at a price of $101.06 per share.
- Following the transaction, Rolchigo directly owns 19,391 common shares and 3,904.009 restricted stock units.
- Rolchigo also indirectly owns 24,986.894 common shares through a deferral plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to the vesting of restricted stock units and the associated tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Date of transaction (disposal of shares for tax obligations). |
| 01/07/2025 | Date of signature on the Form 4 filing. |
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