Form 4: Pentair Executive Adrian Chiu Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
Pentair's EVP & President of Water Solutions, Adrian Chiu, reported the disposal of shares to cover taxes related to vesting restricted stock units.
Summary
- Adrian Chiu, an Executive Vice President at Pentair, filed a Form 4 detailing transactions involving Pentair common shares.
- The transactions occurred on January 3rd and 4th, 2025, and involved the disposal of shares to cover tax obligations arising from the vesting of restricted stock units.
- On January 3rd, 300 shares were disposed of at a price of $101.06 per share.
- On January 4th, 2,149 shares were disposed of at a price of $99.52 per share.
- Following these transactions, Mr. Chiu directly owns 9,659.5447 common shares, 8,296.961 restricted stock units, and indirectly owns 8,758.339 shares through a deferral plan.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
- The transactions reported are typical for executives who receive stock-based compensation, such as restricted stock units.
- The disposal of shares to cover tax obligations is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard vesting of executive compensation.
- The transactions do not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Disposal of 300 common shares at $101.06 per share. |
| 01/04/2025 | Disposal of 2,149 common shares at $99.52 per share. |
| 01/07/2025 | Date of signature for the Form 4 filing. |
Keywords
Pentair, Adrian Chiu, Form 4, Stock Transactions, Restricted Stock Units, Share Disposal, Executive Compensation, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.