Form 4: Watts Water Technologies Executive Elie Melhem Reports Stock Award Vesting and Tax-Related Share Disposal
SEC Form 4 Filing
Elie Melhem, PresidentAPAC, M. East, Afr. of Watts Water Technologies, reports the vesting of performance stock units and subsequent disposal of shares to cover tax obligations.
Summary
- On February 3, 2025, Elie Melhem, PresidentAPAC, M. East, Afr. of Watts Water Technologies, acquired 4,447 shares of Class A Common Stock due to the vesting of performance stock units granted on March 15, 2022.
- The shares were awarded at a price of $0.00.
- On the same day, Melhem disposed of 1,097 shares of Class A Common Stock at $205.47 per share to cover taxes related to the vesting.
- Following these transactions, Melhem directly owns 14,866 shares of Watts Water Technologies Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the stock ownership of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| March 15, 2022 | Date of grant for the performance stock units that vested. |
| February 3, 2025 | Date of stock award vesting and tax-related share disposal. |
| February 5, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Watts Water Technologies, Elie Melhem, Stock Vesting, Tax Obligations, Class A Common Stock, Performance Stock Units
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