Form 4: Xylem Inc. CEO Matthew Pine Reports Stock Transactions Following Vesting of Performance-Based Stock Units
SEC Form 4
Matthew Pine, President and CEO of Xylem Inc., reports acquisition and disposal of common stock related to vesting of performance-based stock units and tax liability payments.
Summary
- On March 1, 2025, Matthew Pine, the President and CEO of Xylem Inc., engaged in several transactions involving Xylem's common stock.
- He acquired 2,524 shares upon the vesting of performance-based stock units related to Total Shareholder Return at a price of $129.78 per share.
- Additionally, he acquired 3,026 shares each upon the vesting of performance-based stock units related to ROIC and Revenue, also at $129.78 per share.
- Pine also disposed of 3,084 shares and 2,134 shares to cover tax liabilities associated with the vesting of these stock units and restricted stock units, respectively, at $129.78 per share.
- Following these transactions, Pine directly owns 44,125 shares of Xylem Inc. common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The vesting of performance-based stock units suggests the company is meeting its performance goals. The transactions themselves are routine.
Positives
- The vesting of performance-based stock units indicates that performance criteria related to Total Shareholder Return, ROIC, and Revenue were met.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for corporate insiders in the United States, ensuring transparency in stock transactions.
- Companies like Danaher (DHR) and Roper Technologies (ROP) also have their executives file similar forms when they trade company stock.
- The vesting of performance-based stock units is a common compensation practice, aligning executive incentives with company performance metrics such as Total Shareholder Return, ROIC, and Revenue, similar to practices observed in other large industrial companies.
Stakeholder Impact
- The vesting of performance-based stock units aligns management's interests with those of shareholders, as their compensation is tied to company performance.
Key Dates
| Date | Description |
|---|---|
| March 1, 2022 | Date of grant for performance-based stock units under the Xylem Omnibus Incentive Plan. |
| February 24, 2016 | Amended and Restated date of the Xylem Omnibus Incentive Plan. |
| March 1, 2025 | Date of stock transactions (acquisition and disposal) reported in the Form 4. |
| March 4, 2025 | Date of signature for the Form 4 filing. |
Keywords
Xylem Inc., Matthew Pine, stock units, Form 4, performance-based, vesting, common stock, ROIC, Revenue, Total Shareholder Return
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.