Form 4: Watts Water Technologies COO Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Andre Dhawan, Chief Operating Officer of Watts Water Technologies, disposed of shares to cover tax obligations related to a deferred stock award.
Summary
- On March 14, 2025, Andre Dhawan, the Chief Operating Officer of Watts Water Technologies, disposed of 292 shares of Class A Common Stock to cover tax obligations.
- The shares were disposed of at a price of $211 per share.
- Following the transaction, Dhawan directly owns 10,039 shares of Watts Water Technologies Class A Common Stock.
- The disposal was not a discretionary transaction but was required by the terms of Dhawan's deferred stock award agreement granted on March 14, 2024.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of deferred stock award grant to Andre Dhawan. |
| 03/14/2025 | Date of stock disposal to cover tax obligations. |
| 03/18/2025 | Date of signature by Attorney-in-Fact. |
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