ITT executive granted 1,460 restricted stock units
Savinelli Michael reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Savinelli Michael reported acquisition or exercise transactions in this Form 4 filing.
ITT Inc. executive Michael Savinelli reported an equity compensation grant rather than an open-market trade. He received an award of 1,460 shares of common stock as restricted stock units at $0.0000 per share under the ITT Inc. 2011 Omnibus Incentive Plan. These units are scheduled to vest in three equal installments on May 8, 2027, May 8, 2028, and May 8, 2029, providing a long-term incentive tied to future service and company performance. Following this grant, he holds 27,024 shares of common stock directly and 693 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,460 shares
Grant/Award
2 txns
Insider
Savinelli Michael
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,460 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 27,024 shares (Direct);
Common Stock — 693 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- F1. Reflects an award of restricted stock units under the ITT Inc. 2011 Omnibus Incentive Plan, which are scheduled to vest ratably on each of May 8, 2027, May 8, 2028, and May 8, 2029.
Key Figures
RSU grant: 1,460 shares
Grant price: $0.0000 per share
Direct holdings after grant: 27,024 shares
+4 more
7 metrics
RSU grant
1,460 shares
Restricted stock unit award of common stock
Grant price
$0.0000 per share
Reported price for RSU acquisition
Direct holdings after grant
27,024 shares
Common stock held directly after transaction
Indirect 401(k) holdings
693 shares
Common stock held indirectly via 401(k) plan
First vesting date
May 8, 2027
First installment of RSUs vests
Second vesting date
May 8, 2028
Second installment of RSUs vests
Third vesting date
May 8, 2029
Final installment of RSUs vests
Key Terms
restricted stock units, 2011 Omnibus Incentive Plan, 401(k) Plan, Grant, award, or other acquisition
4 terms
restricted stock units financial
"Reflects an award of restricted stock units under the ITT Inc. 2011 Omnibus Incentive Plan"
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.
2011 Omnibus Incentive Plan financial
"award of restricted stock units under the ITT Inc. 2011 Omnibus Incentive Plan"
401(k) Plan financial
"total_shares_following_transaction: 693.0000, nature_of_ownership: By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ITT (ITT) executive Michael Savinelli report in this Form 4?
Michael Savinelli reported receiving an equity compensation grant of 1,460 shares of ITT common stock as restricted stock units. The award is part of his compensation package and does not represent an open-market purchase of shares.
What is the vesting schedule for Michael Savinelli’s new ITT (ITT) restricted stock units?
The 1,460 restricted stock units are scheduled to vest in three equal installments. They vest ratably on May 8, 2027, May 8, 2028, and May 8, 2029 under the ITT Inc. 2011 Omnibus Incentive Plan.
Is Michael Savinelli’s Form 4 transaction in ITT (ITT) a buy or a sale of stock?
The filing shows an acquisition through a grant, not a market buy or sale. The 1,460 shares were received as a restricted stock unit award under a company incentive plan, rather than purchased or sold on an exchange.
Under which plan were Michael Savinelli’s ITT (ITT) restricted stock units granted?
The award was granted under the ITT Inc. 2011 Omnibus Incentive Plan. This plan provides equity-based compensation such as restricted stock units that vest over time to align executives’ interests with long-term shareholder outcomes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
