Form 4: Watts Water Technologies CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Shashank Patel, CFO of Watts Water Technologies, disposed of shares to cover tax obligations related to a deferred stock award.
Summary
- On March 13, 2025, Shashank Patel, the Chief Financial Officer of Watts Water Technologies Inc., disposed of 388 shares of Class A Common Stock.
- The shares were sold at a price of $206.39 per share.
- This transaction was to cover taxes upon the vesting of a deferred stock award granted on March 13, 2023.
- Following the transaction, Patel beneficially owns 11,623 shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes on vested stock). It doesn't indicate positive or negative sentiment, just a factual reporting of the transaction.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This transaction appears to be a standard tax-related sale, which is common after stock awards vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2023 | Date of deferred stock award grant to Shashank Patel. |
| 03/13/2025 | Date of stock disposal to cover tax obligations. |
| 03/14/2025 | Date of signature on the Form 4 filing. |
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