Form 4: Watts Water Technologies CEO Robert Pagano Jr. Sells Shares
SEC Form 4
Robert J. Pagano Jr., President and CEO of Watts Water Technologies, sold a significant number of Class A Common Stock shares on November 6, 2024.
Summary
- Robert J. Pagano Jr., the President and CEO of Watts Water Technologies, sold shares of Class A Common Stock on November 6, 2024.
- A total of 2,091 shares were sold at a weighted average price of $212.86.
- An additional 18,719 shares were sold at a weighted average price of $212.13.
- Following these transactions, Pagano directly owns 176,045 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing for insider trading, which is neutral in sentiment. It simply reports the facts of the stock sale.
Industry Context
Form 4 filings are standard procedure when company insiders, like the CEO, trade their company's stock; these filings are public record and help ensure transparency in the market.
Stakeholder Impact
- The stock sale by the CEO could be perceived differently by stakeholders; some might see it as a lack of confidence in the company, while others might view it as a personal financial decision.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of stock sale transactions. |
| 11/08/2024 | Date of signature on the Form 4 filing. |
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