Form 4: Watts Water Technologies Executive Acquires Shares and Disposes of Shares for Tax Obligations

Monica Barry, Chief HR Officer of Watts Water Technologies, acquired shares through a stock purchase plan and disposed of shares to cover tax obligations.

Summary

• On March 15, 2024, Monica Barry, Chief HR Officer of Watts Water Technologies, acquired 456 shares of Class A Common Stock at $163.23 per share through the company'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.
• On the same date, Barry disposed of 189 shares at $204.04 per share to cover taxes upon the vesting of a deferred stock award granted on March 15, 2022.
• Following these transactions, Barry beneficially owns 5,989 shares of Watts Water Technologies Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine transactions. The acquisition of shares could be seen as slightly positive, but the tax-related disposal is a standard occurrence.

Positives

• The acquisition of shares by a company executive demonstrates confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of shares outstanding.

Key Dates