Form 4: Watts Water Technologies Executive Reports Stock Transactions
SEC Form 4 Filing
Elie Melhem, President of APAC, M. East, and Africa at Watts Water Technologies, reports the acquisition and disposal of company stock to cover tax obligations and vesting of deferred stock awards.
Summary
- Elie Melhem, an officer at Watts Water Technologies, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 12, 2024, 333 shares of Class A Common Stock were disposed of at a price of $202.77 to cover taxes upon the vesting of a deferred stock award granted on March 12, 2021.
- On March 13, 2024, 248 shares of Class A Common Stock were disposed of at a price of $203.78 to cover taxes upon the vesting of a deferred stock award granted on March 13, 2023.
- On March 14, 2024, 1,806 shares of deferred stock were acquired, vesting in three equal annual installments, at a price of $0.0000.
- Following these transactions, Melhem directly owns 14,789 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to compensation. It doesn't convey strong positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms.
Key Dates
| Date | Description |
|---|---|
| 03/12/2021 | Date of deferred stock award grant related to the March 12, 2024 transaction. |
| 03/13/2023 | Date of deferred stock award grant related to the March 13, 2024 transaction. |
| 03/12/2024 | Date of disposition of 333 shares to cover taxes. |
| 03/13/2024 | Date of disposition of 248 shares to cover taxes. |
| 03/14/2024 | Date of acquisition of 1,806 shares of deferred stock. |
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