Form 4: Watts Water Technologies Director Reports Trust Transfers

Director Timothy P. Horne reports transfers of Class B Common Stock into and out of trusts, with no change in overall beneficial ownership.

Summary

• On May 10, 2024, Timothy P. Horne, a director at Watts Water Technologies, reported transactions involving Class B Common Stock.
• 1,000 shares of Class B Common Stock were transferred into a trust, and 1,000 shares were transferred out of a trust.
• The price per share for these transactions is reported as $0.00.
• Following these transactions, Horne's indirectly held shares total 4,989,290 Class A Common Stock and 950,000 Class A Common Stock through a revocable trust.
• The shares are held in various trusts, including those for the benefit of Daniel W. Horne, Deborah Horne, Peter W. Horne, Tiffany Horne Noonan, Kiera R. Noonan, Tessa R. Noonan, and Liv R. Noonan.
• Horne serves as the trustee for The Amended and Restated George B. Horne Voting Trust Agreement 1997.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing trust transfers, with no inherent positive or negative implications for the company's financial health or future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates internal trust transfers, which are not uncommon for estate planning purposes.

Stakeholder Impact

• The transactions reported have no immediate impact on shareholders, employees, customers, suppliers, or creditors as they involve internal trust transfers and do not affect the overall outstanding shares or company operations.

Key Dates