Form 4: Pentair Executive Stephen J. Pilla Reports Stock Transactions

Pentair executive Stephen J. Pilla reports the surrender of shares to cover taxes related to vesting restricted stock units, along with updated holdings in common shares and deferred plans.

Summary

• Stephen J. Pilla, an Executive Vice President at Pentair plc, filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On January 3, 2025, Mr. Pilla surrendered 355 common shares to cover taxes associated with the vesting of restricted stock units.
• The shares were surrendered at a price of $101.06 per share.
• Following the transaction, Mr. Pilla directly owns 22,247.5227 common shares.
• He also holds 6,607.012 common shares in restricted stock units and 4,267.786 common shares in a deferred plan.
• The deferred plan shares are held indirectly through a plan agent.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction, 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 for publicly traded companies. It provides transparency into the holdings and transactions of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reported transaction is typical for executives who receive stock-based compensation, where shares are often surrendered to cover tax obligations upon vesting.
• Companies like Eaton, Honeywell, and 3M also have executives who regularly file similar Form 4 documents.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related share surrender by an executive.
• The filing provides transparency to stakeholders regarding executive stock ownership.

Key Dates

Keywords

Pentair, stock transaction, Form 4, beneficial ownership, restricted stock units, deferred plan, executive compensation, insider trading