Form 4: Pentair EVP Tanya L. Hooper Reports Changes in Beneficial Ownership

Tanya L. Hooper, EVP & Chief HR Officer of Pentair plc, reports acquisition and disposal of common shares related to performance share unit settlement and tax obligations.

Summary

• On February 24, 2025, Tanya L. Hooper, EVP & Chief HR Officer of Pentair plc, reported changes in her beneficial ownership of Pentair's common shares.
• She acquired 9,803 common shares at $0 related to 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.
• Hooper also disposed of 3,014 common shares at $92.62 to cover taxes applicable to the settlement of performance share units.
• Following these transactions, Hooper beneficially owns 9,225.2617 common shares and 24,217.078 restricted stock units.
• End-of-period holdings include monthly purchases under the ESPP and shares acquired under a dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and compliance with insider trading regulations. The achievement of performance goals is a positive indicator, while the disposal of shares for tax purposes is a neutral event.

Positives

• The settlement of performance share units indicates that performance goals were achieved for the period ending December 31, 2024.
• Hooper's continued participation in the ESPP and dividend reinvestment plan demonstrates a long-term investment in the company.

Negatives

• The disposal of 3,014 shares to cover tax obligations, while standard, represents a reduction in Hooper's holdings.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates standard compensation practices and tax obligations.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards, such as performance share units, to align management's interests with those of shareholders.
• The tax treatment of equity awards is a common consideration for executives, and the disposal of shares to cover tax obligations is a standard practice.
• Participation in ESPPs and dividend reinvestment plans are typical benefits offered to employees and executives in many publicly traded companies.

Stakeholder Impact

• Shareholders may view the achievement of performance goals positively, as it indicates successful execution of the company's strategy.
• The transactions have a minimal direct impact on other stakeholders.

Key Dates