Form 4: Watts Water Technologies CFO Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Watts Water Technologies' CFO, Shashank Patel, disposed of shares to cover tax obligations related to vesting deferred stock awards.
Summary
- On March 14, 2025, Shashank Patel, CFO of Watts Water Technologies, disposed of 414 shares of Class A Common Stock at a price of $211 per share to cover taxes upon the vesting of a deferred stock award granted on March 14, 2024.
- Following this transaction, Patel directly owns 11,209 shares of Class A Common Stock.
- On March 17, 2025, Patel disposed of 455 shares of Class A Common Stock at a price of $213.98 per share to cover taxes upon the vesting of a deferred stock award granted on March 15, 2022.
- Following this transaction, Patel directly owns 10,754 shares of Class A Common Stock.
- The dispositions were not discretionary and were required by the terms of Patel's grant agreements.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are used to disclose transactions in company stock by insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| March 15, 2022 | Date of deferred stock award grant related to the March 17, 2025 transaction. |
| March 14, 2024 | Date of deferred stock award grant related to the March 14, 2025 transaction. |
| 03/14/2025 | Date of transaction where 414 shares were disposed of. |
| 03/17/2025 | Date of transaction where 455 shares were disposed of. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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