Form 4: Watts Water Technologies Director Receives Stock Award

Director Rebecca Boll received a stock award of 678 Class A Common Stock shares from Watts Water Technologies on August 5, 2024.

Summary

• Rebecca Boll, a director at Watts Water Technologies, received a stock award on August 5, 2024.
• The award consisted of 678 shares of Class A Common Stock.
• Following the transaction, Boll directly owns 1,004 shares of Class A Common Stock.
• The stock award was granted as part of the annual compensation for non-employee directors, determined by dividing $130,000 by a 30-day trailing average stock price.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally neutral to positive as it aligns director interests with shareholders.

Positives

• The stock award aligns the director's interests with those of the shareholders.
• The award is part of a defined compensation plan for non-employee directors.

Industry Context

Stock awards to directors are a common practice in publicly traded companies as part of their compensation packages.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and company sizes.
• Stock awards are a typical component, often designed to align director interests with shareholder value.
• Comparing Watts Water Technologies' director compensation to similar companies in the industrial sector would provide a more detailed benchmark.

Stakeholder Impact

• The stock award aligns the director's interests with those of the shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates