Form 4: Watts Water Technologies COO Reports Stock Disposal for Tax Obligations

Andre Dhawan, Chief Operating Officer of Watts Water Technologies, disposed of 316 shares of Class A Common Stock to cover tax obligations related to a deferred stock award.

Summary

• On February 28, 2025, Andre Dhawan, the Chief Operating Officer of Watts Water Technologies, disposed of 316 shares of Class A Common Stock.
• The shares were disposed of at a price of $214.58 per share.
• This transaction was to cover taxes upon the vesting of a deferred stock award granted on August 15, 2022.
• Following the transaction, Dhawan beneficially owns 7,903 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a stock disposal for tax purposes, which is a routine transaction.

Management Comments

• The disposition of shares to cover tax withholding obligations is required by the terms of the Reporting Person's grant agreement and does not represent a discretionary transaction by the Reporting Person.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the COO in this case, trade their company's stock. This provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates