Form 4: Watts Water Technologies: Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Monica Barry, Chief HR Officer of Watts Water Technologies, disposed of 288 shares to cover taxes upon the vesting of a deferred stock award on February 28, 2024.
Summary
- On February 28, 2024, Monica Barry, the Chief HR Officer of Watts Water Technologies, disposed of 288 shares of Class A Common Stock.
- The transaction was executed to cover tax obligations related to the vesting of a deferred stock award granted on October 4, 2021.
- The shares were sold at a price of $199.51 per share.
- Following the transaction, Barry directly owns 4,797 shares of Watts Water Technologies.
- The disposition of shares was not a discretionary transaction but was required by the terms of the grant agreement.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company officers to sell shares to cover taxes upon the vesting of stock awards.
Key Dates
| Date | Description |
|---|---|
| 10/04/2021 | Date of deferred stock award granted to the Reporting Person |
| 02/28/2024 | Date of transaction (stock disposal to cover taxes) |
| 02/29/2024 | Date of signature for the Form 4 filing |
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