Director at ITT (NYSE: ITT) updates Form 4 to reflect 935-share equity award
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
MCDONALD REBECCA ANN reported acquisition or exercise transactions in this Form 4 filing.
ITT INC. director Rebecca Ann McDonald corrected a prior insider report to show a larger equity award. On May 21, 2026 she received a grant of 935 shares of common stock at no cost, representing restricted stock units that were previously underreported.
After this correction, she beneficially owns 25,202.87 shares of ITT common stock, including 627.87 shares held through a dividend reinvestment plan. The amendment does not reflect any open-market buying or selling, only an updated count of compensation-related shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCDONALD REBECCA ANN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 935 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,202.87 shares (Direct, null)
Footnotes (1)
- The original Form 4 filed by the Reporting Person on May 26, 2026 inadvertantly underreported the number of restricted stock units that were awarded on May 21, 2026, as described in the original Form 4. The amount reported herein corrects the number of restricted stock units that were awarded on May 21, 2026 and the resulting total number of shares beneficially owned by the Reporting Person following such transaction. Includes 627.870 shares under a dividend reinvestment plan.
Key Figures
Equity award: 935 shares
Post-transaction holdings: 25,202.87 shares
Dividend reinvestment holdings: 627.87 shares
+1 more
4 metrics
Equity award
935 shares
Grant of common stock on May 21, 2026
Post-transaction holdings
25,202.87 shares
Beneficially owned after the award
Dividend reinvestment holdings
627.87 shares
Held under a dividend reinvestment plan
Award price
$0.00 per share
Grant/award acquisition, no cash paid
Key Terms
restricted stock units, dividend reinvestment plan, beneficially owned, Form 4, +1 more
5 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.
dividend reinvestment plan financial
"Includes 627.870 shares under a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
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.
reporting person regulatory
"The original Form 4 filed by the Reporting Person on May 26, 2026"
FAQ
What insider transaction did Rebecca Ann McDonald report at ITT (ITT)?
Rebecca Ann McDonald reported an equity award of 935 ITT common shares granted on May 21, 2026. The filing corrects an earlier Form 4 that underreported restricted stock units, updating her total beneficial ownership after the award.
Why did ITT (ITT) file an amended Form 4 for Rebecca Ann McDonald?
ITT filed an amended Form 4 because the original May 26, 2026 report understated the restricted stock units awarded on May 21, 2026. The amendment updates both the award amount and McDonald’s resulting total beneficial ownership in ITT common stock.
Was the ITT (ITT) insider transaction a market purchase or sale?
The ITT insider transaction was not a market purchase or sale. It reflects a grant or award of 935 shares at no cost, representing restricted stock units, rather than any open-market buying or selling activity in ITT shares.