Form 4: Pentair EVP Stephen J. Pilla Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stephen J. Pilla, EVP of Pentair plc, reports acquisition and disposal of common shares related to performance share units and tax obligations.
Summary
- On February 24, 2025, Stephen J. Pilla, EVP of Pentair plc, reported changes in beneficial ownership of Pentair's common shares.
- Pilla acquired 5,952 common shares upon settlement of performance share units, with the Compensation Committee certifying the achievement of performance goals on the same date.
- He also disposed of 382 shares to cover tax obligations related to the settlement of these units at a price of $92.62 per share.
- Following these transactions, Pilla directly owns 15,491.0407 common shares and indirectly owns 9,456.657 shares through a deferral plan.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as the filing reflects standard executive compensation practices and achievement of performance goals.
Positives
- The settlement of performance share units indicates that performance goals were met, as certified by the Compensation Committee.
Future Outlook
Pentair plc shares will be delivered to the reporting person in accordance with their irrevocable deferral election.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of earliest transaction: acquisition and disposal of common shares; Compensation Committee certified achievement of performance goals. |
| 02/26/2025 | Date of signature by Attorney-in-Fact. |
| 12/31/2024 | Performance period end date for performance share units. |
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