Form 4: Watts Water Technologies: Chief Accounting Officer Virginia Halloran Reports Stock Transactions
SEC Form 4
Virginia Halloran, Chief Accounting Officer of Watts Water Technologies, reports multiple transactions involving Class A Common Stock, including acquisitions through a stock purchase plan and dispositions to cover tax obligations.
Summary
- On March 15, 2024, Virginia Halloran, Chief Accounting Officer of Watts Water Technologies, engaged in several transactions involving the company's Class A Common Stock.
- Halloran acquired 273 shares through the Issuer's Management Stock Purchase Plan at $163.23 per share.
- She disposed of 45 shares at $204.04 to cover taxes upon the vesting of a deferred stock award granted on March 15, 2022.
- An additional 102 shares were withheld at $204.04 to cover tax obligations related to restricted stock units purchased on March 15, 2021.
- Halloran also sold shares in multiple transactions at weighted average prices of $204.3 (268 shares), $203.47 (463 shares), and $201.78 (676 shares).
- Following these transactions, Halloran beneficially owns 13,537 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document primarily reports stock transactions, including both acquisitions and dispositions, without indicating a clear positive or negative outlook.
Positives
- The acquisition of shares through the Management Stock Purchase Plan demonstrates Halloran's investment in the company's stock.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding management's view on the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Date of original purchase of restricted stock units (RSUs) under the Issuer's Management Stock Purchase Plan (MSPP). |
| 03/15/2022 | Date of deferred stock award granted to the Reporting Person. |
| 03/15/2024 | Date of the reported transactions, including acquisition of shares through the Management Stock Purchase Plan and dispositions to cover tax obligations. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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