Form 4: Xylem Inc. Executive William K. Grogan Reports Stock Transaction
SEC Form 4
William K. Grogan, SVP & Chief Financial Officer of Xylem Inc., reports the withholding of 4,253 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On September 18, 2024, William K. Grogan, SVP & Chief Financial Officer of Xylem Inc., had 4,253 shares of common stock withheld to cover tax liabilities.
- This transaction was related to the vesting of restricted stock units granted on September 18, 2023, under the Xylem 2011 Omnibus Incentive Plan.
- The price per share for the transaction was $132.86.
- Following the transaction, Grogan beneficially owns 28,457 shares of Xylem Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to executive compensation.
Industry Context
This is a routine Form 4 filing, reflecting a common practice of executives covering tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| September 18, 2023 | Date of grant for the restricted stock units under the Xylem 2011 Omnibus Incentive Plan. |
| February 24, 2016 | Date the Xylem 2011 Omnibus Incentive Plan was Amended and Restated |
| September 18, 2024 | Date of the stock withholding transaction for tax liabilities. |
| September 19, 2024 | Date of signature for the Form 4 filing. |
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