Form 4: Watts Water Director Sells Over $2M in Stock

Timothy P. Horne, a Director and 10% Owner of Watts Water Technologies Inc., sold 7,756 shares of Class A Common Stock for approximately $2.11 million under a pre-arranged trading plan.

Summary

• Timothy P. Horne, a Director and 10% Owner of Watts Water Technologies Inc. (WTS), reported sales of Class A Common Stock.
• On November 24, 2025, 942 shares were sold at a weighted average price of $272.26 per share.
• On November 25, 2025, an additional 6,814 shares were sold at a weighted average price of $272.32 per share.
• The total value of shares sold across both transactions is approximately $2.11 million.
• Following these transactions, Horne beneficially owns 15,000 shares indirectly through a revocable trust.
• The transactions were made pursuant to a Rule 10b5-1(c) trading plan.

Sentiment

Score: 5

Explanation: Neutral. While insider selling can be viewed negatively, the execution under a Rule 10b5-1 plan mitigates concerns about opportunistic selling based on new information.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, suggesting it was pre-scheduled and not based on new, non-public information.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived negatively by the market as it reduces the insider's direct stake in the company.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Timothy P. Horne's shares are held indirectly by a revocable trust, of which he is the sole trustee and beneficiary.

Stakeholder Impact

• Shareholders may note a reduction in a significant insider's direct equity stake, though the sale was pre-planned.

Key Dates

Recommendation

The insider sale by a Director and 10% Owner, while significant in value, was conducted under a Rule 10b5-1 trading plan. This suggests the sale was pre-scheduled and not indicative of a change in the insider's view of the company's prospects. Therefore, it does not warrant a change in investment thesis based solely on this filing, maintaining a 'hold' recommendation.

Keywords

Watts Water Technologies, WTS, Timothy P. Horne, Insider Trading, Form 4, Stock Sale, Director, 10% Owner, Rule 10b5-1