Form 4: Watts Water Technologies CFO Sells Shares
SEC Form 4 Filing
Shashank Patel, CFO of Watts Water Technologies, sold a portion of his holdings in Class A Common Stock on November 7, 2024.
Summary
- On November 7, 2024, Shashank Patel, the Chief Financial Officer of Watts Water Technologies, sold shares of Class A Common Stock.
- The sales were executed in two tranches: 1,589 shares were sold at a weighted average price of $208.05, and 2,980 shares were sold at a weighted average price of $209.66.
- Following these transactions, Patel directly owns 15,635 shares of Watts Water Technologies Class A Common Stock.
- The sales were executed at prices ranging from $208.00 to $208.57 and $209.35 to $210.20.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock sales by an executive, which is neutral in sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a high-ranking executive could potentially create uncertainty among shareholders, although such transactions are common and don't necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 11/07/2024 | Date of the stock sale transactions. |
| 11/08/2024 | Date of signature by Attorney-in-Fact. |
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