Form 4: Watts Water Technologies CFO Sells Shares
SEC Form 4
Shashank Patel, CFO of Watts Water Technologies, sold 1,508 shares of Class A Common Stock on May 22, 2024, at an average price of $215.1 per share.
Summary
- On May 22, 2024, Shashank Patel, the Chief Financial Officer of Watts Water Technologies Inc., sold 1,508 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $215.1 per share, with individual transactions ranging from $215.00 to $215.31.
- Following the transaction, Patel directly owns 20,204 shares of Watts Water Technologies Inc.
- The reporting person has agreed to provide full information regarding the number of shares sold at each separate price within the specified range upon request.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of the stock sale transaction. |
| 05/24/2024 | Date of the Form 4 filing. |
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