ITT (ITT) director receives 909-share equity award vesting before 2027 meeting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ITT Inc. director Sharon Szafranski reported an equity compensation award on Common Stock. She acquired 909 shares at a stated price of $0.0000 per share as a grant, increasing her directly held position to 3,461 shares after the transaction.
According to the footnote, this award consists of restricted stock units that are scheduled to vest on the business day immediately prior to the ITT 2027 Annual Meeting of Shareholders. This is a non-open-market, compensation-related transaction rather than a discretionary share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Szafranski Sharon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 909 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,461 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Award size: 909 shares
Grant price: $0.0000 per share
Post-transaction holdings: 3,461 shares
+1 more
4 metrics
Award size
909 shares
Restricted stock unit grant of Common Stock
Grant price
$0.0000 per share
Stated price for the equity award
Post-transaction holdings
3,461 shares
Direct ITT common stock held after the grant
Vesting timing
Business day before 2027 meeting
RSUs vest before ITT 2027 Annual Meeting of Shareholders
Key Terms
restricted stock units, Form 4, Annual Meeting of Shareholders
3 terms
restricted stock units financial
"Reflects an award of restricted stock units, all of which are scheduled to vest"
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
"INSIDER FILING DATA (Form 4):"
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 did ITT (ITT) director Sharon Szafranski report on this Form 4?
Director Sharon Szafranski reported receiving 909 shares of ITT common stock as an equity award, not an open-market trade. The grant is compensation-related and increases her directly held position to 3,461 shares after the transaction disclosed in the Form 4.
Was the recent ITT (ITT) insider transaction a stock purchase or sale?
The transaction was neither a typical purchase nor sale; it was a grant. Szafranski acquired 909 shares through a compensation award at a stated price of $0.0000 per share, so no cash-based open-market trading occurred in this Form 4 filing.
What are the vesting terms of the ITT (ITT) restricted stock units granted to Szafranski?
The 909-share award is in the form of restricted stock units scheduled to vest in the future. They vest on the business day immediately prior to the ITT 2027 Annual Meeting of Shareholders, as specified in the footnote accompanying the Form 4 transaction.
Does the ITT (ITT) Form 4 indicate any remaining derivative positions for Szafranski?
The filing’s derivative summary is empty, indicating no derivative security transactions are reported in this Form 4. The disclosed activity involves only non-derivative ITT common stock through a restricted stock unit award, with no listed options or similar instruments.