Form 4: Pentair Executive Adrian Chiu Reports Stock Option Exercise and Share Transactions
SEC Form 4 Filing
EVP Adrian Chiu of Pentair plc reports exercising stock options and related share transactions, resulting in adjustments to his beneficial ownership.
Summary
- Adrian Chiu, EVP & President, Water Solutions at Pentair plc, reported transactions involving Pentair's common shares.
- On October 28, 2024, Chiu exercised stock options to acquire 1,495 common shares at a price of $44.11 per share.
- Simultaneously, 946 shares were surrendered to cover the exercise price and applicable taxes at a price of $99.967.
- Following these transactions, Chiu directly owns 8,992.1267 common shares.
- Chiu also indirectly owns 421.165 shares through an ESOP and 5,756.145 shares through a deferral plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when company insiders, like Adrian Chiu, transact in their company's stock. It provides transparency to the market regarding the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 10/28/2024 | Date of stock option exercise and share transactions. |
| 03/02/2025 | Expiration date of the employee stock option. |
| 10/30/2024 | Date of filing the Form 4. |
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