Form 4: Xylem Inc. Director Jeanne Beliveau-Dunn Reports Acquisition of Restricted Stock Units

Jeanne Beliveau-Dunn, a director of Xylem Inc., reported the acquisition of 1,156 restricted stock units (RSUs) on May 16, 2024, under the company's 2011 Omnibus Incentive Plan.

Summary

• On May 16, 2024, Jeanne Beliveau-Dunn, a director of Xylem Inc., acquired 1,156 shares of common stock in the form of restricted stock units (RSUs).
• These RSUs were awarded under the Xylem 2011 Omnibus Incentive Plan (Amended and Restated February 24, 2016).
• The RSUs are scheduled to vest in full on the trading day prior to the 2025 Annual Meeting of Shareholders.
• Beliveau-Dunn has elected to defer the settlement of the RSU award until separation from service.
• Following the transaction, Beliveau-Dunn directly owns 8,454 shares of Xylem Inc. common stock.
• The report was filed on May 20, 2024, by Seaneen Cline, acting as power of attorney for Jeanne Beliveau-Dunn.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The grant of RSUs to a director is a routine event and indicates confidence in the company's future. The vesting schedule aligns the director's interests with those of shareholders.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.
• The vesting schedule aligns the director's interests with those of long-term shareholders.

Future Outlook

The RSUs will vest prior to the 2025 Annual Meeting of Shareholders, aligning the director's interests with the company's performance.

Industry Context

Directors receiving stock-based compensation is a common practice in publicly traded companies to align management's interests with shareholder value.

Comparison to Industry Standards

• Stock grants to directors are a standard practice across industries, including companies like Danaher (DHR) and Roper Technologies (ROP), which also operate in the industrial sector.
• The size of the grant is typical for director compensation packages, which often include a mix of cash and equity.
• Vesting schedules are also standard, often tied to continued service or company performance metrics.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment.
• The vesting schedule aligns the director's interests with those of long-term shareholders.

Next Steps

• The RSUs will vest on the trading day prior to the 2025 Annual Meeting of Shareholders.
• Beliveau-Dunn will eventually settle the RSUs upon separation from service.

Key Dates