Form 4: Watts Water Technologies Executive Elie Melhem Sells Shares
SEC Form 4 Filing
Elie Melhem, PresidentAPAC, M. East, Afr. of Watts Water Technologies, sold 2,051 shares of Class A Common Stock at an average price of $215.51 on May 20, 2024.
Summary
- On May 20, 2024, Elie Melhem, PresidentAPAC, M. East, Afr. of Watts Water Technologies Inc., sold 2,051 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $215.51 per share.
- Following the transaction, Melhem directly owns 13,226 shares of Watts Water Technologies Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Executive stock sales are a common occurrence and are publicly disclosed to maintain transparency in the market. Investors often monitor these transactions for insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The sale of shares by a company executive can sometimes influence investor sentiment, although this particular transaction appears to be relatively small and may not have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of the transaction: Elie Melhem sold 2,051 shares of Class A Common Stock. |
| 05/21/2024 | Date of the Form 4 filing. |
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