ITT Inc. (ITT) director corrects Form 4 with 935-share stock grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Chu Maggie reported acquisition or exercise transactions in this Form 4 filing.
ITT Inc. director Maggie Chu reported an updated equity award after correcting a prior filing. On May 21, 2026, she received a grant of 935 shares of common stock at no cost, bringing her directly held stake to 2,587 shares. This amended Form 4 fixes an earlier underreporting of restricted stock units and the resulting beneficial ownership total.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chu Maggie
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 935 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,587 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 935 shares
Ownership after grant: 2,587 shares
Grant price: $0.0000 per share
3 metrics
Shares granted
935 shares
Common stock award on May 21, 2026
Ownership after grant
2,587 shares
Total beneficially owned following transaction
Grant price
$0.0000 per share
Reported transaction price for the award
Key Terms
restricted stock units, Form 4, beneficially owned
3 terms
restricted stock units financial
"underreported the number of restricted stock units that were awarded on May 21, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Form 4 regulatory
"The original Form 4 filed by the Reporting Person on May 26, 2026"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
beneficially owned financial
"the resulting total number of shares beneficially owned by the Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.