Form 4: Pentair Executive DeMon L. Wiggins Reports Stock Transaction
SEC Form 4 Filing
EVP & President of Industrial & Flow Technologies at Pentair, DeMon L. Wiggins, reports disposition of shares to cover taxes on vesting restricted stock units.
Summary
- On March 1, 2024, DeMon L. Wiggins, an Executive Vice President & President, Industrial & Flow Technologies at Pentair plc, reported a transaction involving common shares.
- 464 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, Wiggins directly owns 7,659.4224 common shares and 8,917.327 restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from the vesting of restricted stock units, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Shares surrendered to pay taxes applicable to vesting of restricted stock units. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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