Form 4: Watts Water Technologies CEO Robert Pagano Jr. Reports Stock Transactions
SEC Form 4 Filing
Robert Pagano Jr., President and CEO of Watts Water Technologies, reports acquisition and disposal of company stock related to stock purchase plan and tax obligations.
Summary
- On March 14, 2025, Robert Pagano Jr., President and CEO of Watts Water Technologies, acquired 6,032 shares of Class A Common Stock at $168.80 per share through the Issuer's Management Stock Purchase Plan.
- These shares are subject to restricted stock units and vest in three equal annual installments beginning one year after the grant date.
- Also on March 14, 2025, 2,061 shares were disposed of at $211 to cover taxes upon the vesting of a deferred stock award granted on March 14, 2024.
- On March 17, 2025, 1,879 shares were disposed of at $213.98 to cover taxes upon the vesting of a deferred stock award granted on March 15, 2022.
- Additionally, on March 17, 2025, 4,286 shares were withheld at $213.98 to cover tax obligations related to the vesting of restricted stock units purchased on March 15, 2022.
- Following these transactions, Pagano directly owns 197,960 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing primarily reflects routine stock transactions related to compensation and tax obligations. The CEO's participation in the stock purchase plan is a mildly positive signal.
Positives
- The CEO's participation in the Management Stock Purchase Plan demonstrates confidence in the company's future.
Future Outlook
The restricted stock units vest in three equal annual installments beginning one year after the date of grant.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine insider activity related to compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2022 | Date of restricted stock units purchase under the Management Stock Purchase Plan. |
| 03/14/2024 | Date of deferred stock award grant. |
| 03/14/2025 | Date of stock acquisition and disposal for tax obligations. |
| 03/17/2025 | Date of stock disposal for tax obligations. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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