Form 4: Watts Water Technologies COO Reports Stock Transactions
SEC Form 4 Filing
Andre Dhawan, Chief Operating Officer of Watts Water Technologies, reports the acquisition and disposal of Class A Common Stock.
Summary
- Andre Dhawan, the Chief Operating Officer of Watts Water Technologies, filed a Form 4 detailing changes in beneficial ownership.
- On March 13, 2024, Dhawan disposed of 70 shares of Class A Common Stock at a price of $203.78 to cover taxes upon the vesting of a deferred stock award.
- On March 14, 2024, Dhawan acquired 2,541 shares of Class A Common Stock at a price of $0.00, representing deferred stock that vests in three equal annual installments beginning on the first anniversary of the grant date.
- Following these transactions, Dhawan beneficially owns 8,219 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2023 | Date of deferred stock award grant to the Reporting Person |
| 03/13/2024 | Disposition of shares to cover taxes upon vesting of deferred stock award |
| 03/14/2024 | Acquisition of deferred stock shares |
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