Form 4: Pentair Executive DeMon L. Wiggins Reports Share Transactions
SEC Form 4 Filing
EVP and President of Flow at Pentair plc, DeMon L. Wiggins, reports acquisition and disposal of common shares related to performance share unit settlements and tax obligations.
Summary
- DeMon L. Wiggins, EVP & President, Flow at Pentair plc, reported transactions involving Pentair common shares on February 24, 2025.
- These transactions include the acquisition of 4,762 shares and 1,503 shares at $0 related to the settlement of performance share units earned for the performance period ended December 31, 2024.
- Wiggins also disposed of 1,629 shares and 515 shares at $92.62 to cover tax obligations associated with the settlement of these performance share units.
- Following these transactions, Wiggins directly owns 14,027.7158 common shares.
- Wiggins also indirectly owns 195.62 shares through an ESOP and 25.064 shares through a deferral plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in the company.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| December 31, 2024 | End of performance period for performance share units. |
| February 24, 2025 | Date of transactions and Compensation Committee certification of performance goals achievement. |
| February 26, 2025 | Date of signature for the Form 4 filing. |
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