Form 4: Watts Water Technologies CFO Reports Stock Transactions Following PSU Vesting
SEC Form 4 Filing
Chief Financial Officer Shashank Patel reports acquisition and disposal of Watts Water Technologies stock related to the vesting of performance stock units (PSUs).
Summary
- On February 3, 2025, Shashank Patel, CFO of Watts Water Technologies, acquired 4,915 shares of Class A Common Stock upon the vesting of performance stock units (PSUs) granted on March 15, 2022.
- Simultaneously, Patel disposed of 2,606 shares of Class A Common Stock to cover taxes associated with the PSU vesting at a price of $205.47 per share.
- Following these transactions, Patel directly owns 12,011 shares of Watts Water Technologies Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted performance-based equity compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
Key Dates
| Date | Description |
|---|---|
| 03/15/2022 | Date of grant for the performance stock units. |
| 02/03/2025 | Date of stock acquisition and disposal due to PSU vesting. |
| 02/05/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Watts Water Technologies, WTS, Shashank Patel, CFO, Performance Stock Units, PSU, Vesting, Tax Withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.