Form 4: Watts Water Technologies Director Gifts 14,000 Class B Shares to Family Trusts

Timothy P. Horne, a Director and 10% Owner of Watts Water Technologies Inc., reported gifting 14,000 shares of Class B Common Stock to family trusts on May 22, 2025.

Summary

• Timothy P. Horne, a Director and 10% Owner of Watts Water Technologies Inc. (WTS), reported the gifting of 14,000 shares of Class B Common Stock on May 22, 2025.
• Specifically, 7,000 shares were gifted to the Tiffany R. Horne Trust, where Mr. Horne serves as co-trustee.
• Another 7,000 shares were gifted to the Amended and Restated George B. Horne Voting Trust Agreement 1997, where Mr. Horne serves as trustee.
• These Class B shares are convertible into Class A Common Stock on a 1-for-1 basis.
• Following these transactions, Mr. Horne indirectly beneficially owns 7,000 shares through the Tiffany R. Horne Trust, 4,976,290 shares through the George B. Horne Voting Trust, and 950,000 shares through a revocable trust where he is the sole trustee and beneficiary.

Sentiment

Score: 5

Explanation: The document is a standard insider transaction report (Form 4) detailing a gift of shares, which is generally neutral in sentiment regarding company performance or outlook. It reflects personal financial planning rather than a corporate event.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information related to broader industry trends or competitive landscape. Such transactions are typically for personal financial planning or estate management.

Related Party Transactions

• Gifts of 7,000 Class B Common Stock shares to the Tiffany R. Horne Trust, where the reporting person (Timothy P. Horne) serves as co-trustee.
• Gifts of 7,000 Class B Common Stock shares to the Amended and Restated George B. Horne Voting Trust Agreement 1997, where the reporting person serves as trustee.

Stakeholder Impact

• Shareholders: A minor change in the reported beneficial ownership structure of a key insider, unlikely to have a significant direct impact on the company's operations or stock price.

Key Dates

Keywords

Watts Water Technologies, WTS, SEC Form 4, Insider Transaction, Beneficial Ownership, Stock Gift, Class B Common Stock, Class A Common Stock, Timothy P. Horne