Director updates ITT (NYSE: ITT) holdings after 935-share award
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
DELGROSSO DOUGLAS G reported acquisition or exercise transactions in this Form 4 filing.
ITT Inc. director Douglas G. DelGrosso filed an amended insider report to correct a prior equity award entry. The amendment confirms a grant of 935 restricted stock units on May 21, 2026 at no purchase price. After this correction, he directly beneficially owns 1,975 shares of ITT common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DELGROSSO DOUGLAS G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 935 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,975 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 935 shares
Shares owned after grant: 1,975 shares
Grant price: $0.0000 per share
+1 more
4 metrics
RSU grant size
935 shares
Restricted stock units awarded on May 21, 2026
Shares owned after grant
1,975 shares
Directly beneficially owned following corrected award
Grant price
$0.0000 per share
Reported transaction price for the equity award
Transaction date
May 21, 2026
Date of restricted stock unit award
Key Terms
restricted stock units, beneficially owned, Form 4, Reporting Person
4 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.
beneficially owned financial
"corrects the number of restricted stock units ... and the resulting total number of shares beneficially owned"
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.
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.
Reporting Person regulatory
"The original Form 4 filed by the Reporting Person on May 26, 2026"
FAQ
What does the ITT (ITT) amended Form 4/A report for Douglas DelGrosso?
The amendment reports that Douglas DelGrosso received 935 restricted stock units on May 21, 2026. It corrects an earlier underreported award and updates his directly beneficially owned ITT common stock holdings to 1,975 shares after the transaction.
Why was Douglas DelGrosso’s ITT (ITT) insider filing amended?
The filing was amended because the original Form 4 inadvertently underreported the number of restricted stock units awarded on May 21, 2026. The new Form 4/A corrects both the grant amount and the resulting total shares beneficially owned.
What type of transaction is reported in this ITT (ITT) Form 4/A?
The transaction is a grant or award acquisition of 935 shares of ITT common stock, reported as restricted stock units. It is coded “A” on the Form 4/A, indicating a compensation-related grant at no purchase price rather than an open-market buy.
Does the ITT (ITT) Form 4/A indicate any stock sales by Douglas DelGrosso?
No, the Form 4/A only reports an acquisition via a grant of 935 restricted stock units. There are no sales, dispositions, or derivative exercises disclosed in this amendment, and the transaction direction is categorized as an acquisition.