Form 4: Watts Water Technologies Executive Acquires and Disposes Shares to Cover Taxes and Stock Purchase Plan
SEC Form 4 Filing
Elie Melhem, PresidentAPAC, M. East, Afr. of Watts Water Technologies, reports acquisition of shares through a stock purchase plan and disposition of shares to cover tax obligations.
Summary
- On March 14, 2025, Elie Melhem acquired 1,211 shares of Class A Common Stock at $168.80 per share through the Issuer's Management Stock Purchase Plan.
- These shares are subject to restricted stock units that vest in three equal annual installments starting one year after the grant date.
- Melhem also disposed of 223 shares on March 14, 2025, at $211 per share, 291 shares on March 17, 2025, at $213.98 per share and 774 shares on March 17, 2025, at $213.98 per share to cover tax obligations related to vesting deferred stock awards and restricted stock units.
- Following these transactions, Melhem directly owns 11,919 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to stock compensation and tax obligations. The executive's participation in the stock purchase plan is a mildly positive signal.
Positives
- The acquisition of shares through the Management Stock Purchase Plan demonstrates the executive's investment in the company's future.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation and tax management.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of deferred stock award granted to the Reporting Person. |
| 03/15/2022 | Date of deferred stock award granted to the Reporting Person. |
| 03/14/2025 | Date of transaction: Acquisition of shares through Management Stock Purchase Plan and disposition of shares to cover taxes. |
| 03/17/2025 | Date of transaction: Disposition of shares to cover taxes. |
| 03/18/2025 | Date of signature. |
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