Form 4: Watts Water Technologies Director Timothy Horne Sells Shares

Director Timothy Horne of Watts Water Technologies Inc. sold shares of Class A Common Stock in multiple transactions on May 22 and May 23, 2024.

Summary

• Timothy Horne, a director at Watts Water Technologies Inc., reported the sale of Class A Common Stock.
• On May 22, 2024, 2,194 shares were sold at a weighted average price of $214.39.
• On May 23, 2024, multiple transactions occurred, selling 685 shares at $211.75, 702 shares at $210.88, and 1,419 shares at $209.79.
• Following these transactions, Horne directly owns no shares but indirectly owns 5,000 shares via a revocable trust and 0 shares via a trust for the benefit of Tiffany Horne Noonan.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a director's sale of shares. The sentiment is neutral as it simply reports a transaction.

Industry Context

Insider trading activity is always closely watched by investors as it can provide signals, though not always reliable, about a company's prospects. It is important to consider the overall context of the transactions and the individual's overall holdings.

Stakeholder Impact

• Shareholders may react to the news of a director selling shares, although the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates