Director Nazzic Keene receives 1,402-share award at ITT (NYSE: ITT)
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
ITT Inc. director Nazzic S. Keene reported an amended equity award after correcting a previous filing. On May 21, 2026, Keene received a grant of 1,402 restricted stock units, reported at a price of $0.00 per share. This adjustment fixes an earlier underreporting of the award and updates Keene’s beneficial ownership to 4,508 shares following the transaction. The filing reflects a compensation-related acquisition rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KEENE NAZZIC S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,402 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,508 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 1,402 shares
Post-transaction holdings: 4,508 shares
Award price per share: $0.00 per share
3 metrics
Equity award size
1,402 shares
Restricted stock units granted on May 21, 2026
Post-transaction holdings
4,508 shares
Shares beneficially owned after the award
Award price per share
$0.00 per share
Grant, award, or other acquisition (code A)
Key Terms
restricted stock units, beneficially owned, Form 4
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.
beneficially owned financial
"the resulting total number of shares beneficially owned by the Reporting Person following such transaction"
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 inadvertantly underreported"
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.
FAQ
What insider transaction did ITT (ITT) report in this amended Form 4/A?
ITT reported that director Nazzic S. Keene received an equity award of 1,402 restricted stock units on May 21, 2026. The filing corrects an earlier Form 4 that had inadvertently underreported the size of this award and the resulting share ownership.
Was the ITT (ITT) insider transaction a market purchase or sale?
The transaction was a grant of restricted stock units, not a market purchase or sale. It is reported under code “A” as a grant, award, or other acquisition, with a transaction price of $0.00 per share, indicating compensation rather than open-market trading.
Why did ITT (ITT) and Nazzic S. Keene file an amended Form 4/A?
The amended Form 4/A was filed because the original Form 4 inadvertently underreported the number of restricted stock units awarded on May 21, 2026. The new filing corrects the award amount and updates the total shares beneficially owned after that transaction.
What does transaction code “A” mean in the ITT (ITT) Form 4/A filing?
Transaction code “A” in this filing indicates a grant, award, or other acquisition of securities. For ITT, it reflects that director Nazzic S. Keene received 1,402 restricted stock units as part of compensation, rather than buying shares on the open market.