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

Andre Dhawan, Chief Operating Officer of Watts Water Technologies, disposed of 614 shares of Class A Common Stock on February 28, 2024, to cover tax obligations related to a deferred stock award.

Summary

• On February 28, 2024, Andre Dhawan, the Chief Operating Officer of Watts Water Technologies, disposed of 614 shares of Class A Common Stock.
• The transaction was executed at a price of $199.51 per share.
• This disposal was to cover taxes upon the vesting of a deferred stock award granted on August 15, 2022.
• Following the transaction, Dhawan beneficially owns 5,748 shares of Class A Common Stock.
• 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.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations related to stock vesting, not indicative of a change in the executive's confidence in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when stock awards vest.

Key Dates