Form 4: Pentair EVP Wiggins Reports RSU Grant, Option Award

Pentair plc's EVP and President of Flow, DeMon L. Wiggins, reported the acquisition of restricted stock units and employee stock options, alongside tax-related share dispositions.

Summary

• DeMon L. Wiggins, EVP & President, Flow at Pentair plc (PNR), reported several transactions related to his beneficial ownership.
• On January 2, 2026, Wiggins acquired 3,556 Restricted Stock Units (RSUs) at a price of $0, granted under the Pentair plc 2020 Share and Incentive Plan, subject to vesting conditions.
• Also on January 2, 2026, Wiggins acquired 9,965 Employee Stock Options with an exercise price of $105.47, granted under the same plan, which will vest one-third annually over three years.
• Wiggins disposed of 561 Common Shares at $105.47 on January 2, 2026, 348 Common Shares at $105.47 on January 2, 2026, and 654 Common Shares at $102.67 on January 3, 2026.
• These dispositions were designated as 'F' transactions, indicating shares surrendered to cover tax obligations associated with the vesting of restricted stock units.
• Following these transactions, Wiggins' direct beneficial ownership includes 7,264.796 RSUs, 17,552.7017 Common Shares, and 9,965 Employee Stock Options.
• Indirect holdings include 197.074 Common Shares in an ESOP and 215.251 Common Shares in a Deferral Plan.
• End-of-period holdings reflect shares acquired through dividend reinvestment and monthly purchases under the ESPP, which are exempt transactions.

Sentiment

Score: 7

Explanation: The filing indicates routine executive compensation activities, including grants of equity awards (RSUs and stock options) which are generally positive for aligning executive incentives with shareholder interests. The share dispositions are for tax purposes, which is a standard and expected event, not indicative of a negative sentiment towards the company.

Positives

• Grant of 3,556 Restricted Stock Units (RSUs) to a key executive, aligning management interests with shareholder value.
• Grant of 9,965 Employee Stock Options with a 10-year expiration, providing long-term incentive for the executive.
• Continued participation in company equity plans (ESOP, Deferral Plan, ESPP, dividend reinvestment) by a key executive.

Negatives

• Disposition of 1,563 Common Shares (561 + 348 + 654) over two days to cover tax liabilities associated with RSU vesting, which reduces direct share ownership.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing reflects routine executive equity compensation and tax-related transactions, which are common across publicly traded companies as part of their incentive plans. It does not provide broader industry insights or trends.

Comparison to Industry Standards

• Executive compensation packages, including grants of restricted stock units and stock options, are standard practice in publicly traded companies across various industries.
• The structure of vesting (e.g., one-third annually over three years for options) and tax-related share dispositions are typical mechanisms for aligning executive incentives with long-term company performance and managing tax obligations.
• No specific comparable companies, projects, or results are mentioned in the filing for direct comparison.

Related Party Transactions

• The transactions involve an executive (DeMon L. Wiggins) and the company (Pentair plc), which by definition constitutes a related party transaction. These are standard compensation-related dealings.

Stakeholder Impact

• Shareholders: The grant of RSUs and stock options aligns the executive's interests with long-term shareholder value creation. The tax-related dispositions are a minor dilution event but are standard practice.
• Employees: The filing highlights the company's use of equity incentive plans (2020 Share and Incentive Plan, ESOP, ESPP), which can be a positive for employee retention and motivation.

Next Steps

• The acquired Restricted Stock Units are subject to vesting conditions.
• The Employee Stock Options will become exercisable one-third on the first, second, and third anniversary of the grant date (January 2, 2026).

Key Dates

Recommendation

This Form 4 filing details routine executive compensation and tax-related share dispositions. It does not contain information that would fundamentally alter the investment thesis for Pentair plc. The grants of RSUs and stock options are standard incentive mechanisms, and the share sales are for tax purposes, not a discretionary sale indicating a lack of confidence. Therefore, a 'hold' recommendation is appropriate as this filing provides no new material information to change an existing position.

Keywords

Pentair plc, PNR, DeMon L. Wiggins, Form 4, Insider Trading, Restricted Stock Units, RSU, Employee Stock Options, Stock Options, Equity Compensation, Executive Compensation, Share Disposition, Tax Withholding, Beneficial Ownership