Form 4: Pentair Executive Adrian Chiu Reports Stock Transactions
SEC Form 4 Filing
Adrian Chiu, EVP & President of Water Solutions at Pentair plc, reports the disposition of shares to cover taxes related to vesting restricted stock units.
Summary
- On March 1, 2024, Adrian C. Chiu, an Executive Vice President and President of Water Solutions at Pentair plc, reported a transaction involving common shares.
- A total of 154 shares were disposed of to cover taxes related to the vesting of restricted stock units at a price of $78.33 per share.
- Following the transaction, Chiu directly owns 8,311.6429 common shares and 15,118.794 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates a standard tax-related transaction following the vesting of restricted stock units.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Disposition of shares to cover taxes on vesting restricted stock units. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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