ITT insider reports initial common stock holdings
ITT INC. officer Michael Savinelli filed an initial ownership report on Common Stock.
Accepted by SEC EDGAR
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Form Type
3
Rhea-AI Filing Summary
ITT INC. officer Michael Savinelli filed an initial ownership report on Common Stock. The Form 3 shows he directly holds 25,564 shares and indirectly holds 693 shares through a 401(k) plan. The filing lists these as existing holdings, with no explicit buy or sell transactions reported.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
Savinelli Michael
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings:
Common Stock — 25,564 shares (Direct);
Common Stock — 693 shares (Indirect, By 401(k))
Key Figures
Direct common shares: 25,564 shares
Indirect 401(k) shares: 693 shares
Holding entries: 2 entries
+1 more
4 metrics
Direct common shares
25,564 shares
Total shares held directly following the reported holdings
Indirect 401(k) shares
693 shares
Common stock held indirectly through a 401(k) plan
Holding entries
2 entries
Number of holding lines reported for common stock
Unknown transaction records
2 records
Transactions with unknown code in transactionSummary
Key Terms
Form 3, Common Stock, indirect ownership, 401(k), +1 more
5 terms
Form 3 regulatory
"Officer Michael Savinelli filed an initial ownership report on Common Stock via Form 3."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Common Stock financial
"The filing covers holdings of ITT INC. Common Stock in direct and indirect accounts."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
indirect ownership financial
"Indirect ownership is reported for 693 shares, held by a 401(k) plan."
401(k) financial
"Nature of ownership is described as "By 401(k)" for the indirect position."
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
transaction code regulatory
"Transaction code fields are blank and summarized as unknown in the transactionSummary."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Michael Savinelli’s Form 3 filing show for ITT (ITT)?
The Form 3 shows Michael Savinelli’s initial ownership in ITT common stock. It reports 25,564 shares held directly and 693 shares held indirectly through a 401(k) plan, with no explicit buy or sell transactions disclosed in this filing.
Is Michael Savinelli buying or selling ITT (ITT) stock in this Form 3?
The Form 3 does not show explicit purchases or sales of ITT stock. Instead, it records existing ownership positions, with two holding entries and transaction codes marked as unknown, indicating this is primarily an initial ownership disclosure.
What type of ownership does the 401(k) represent in the ITT (ITT) Form 3?
The 401(k) position is classified as indirect ownership of ITT common stock. The filing lists 693 shares held "By 401(k)", meaning the shares are owned through a retirement plan rather than directly in a personal brokerage account.
Does the ITT (ITT) Form 3 for Michael Savinelli include derivative securities?
The Form 3 derivative summary is empty, indicating no derivative securities such as options or warrants are reported. All disclosed holdings are in ITT common stock, split between direct and indirect ownership as of the stated date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
