Equity awards and tax withholding reported for ITT (NYSE: ITT) executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ITT Inc. officer Lori B. Marino reported equity compensation activity involving company common stock. On March 3, 2026, she acquired 7,318 shares at $0 per share through the settlement of performance units granted under the company’s 2011 Omnibus Incentive Plan, and 4,077 and 1,614 shares were withheld at an average price of $190.39 per share to cover tax liabilities tied to performance unit and restricted stock unit vesting. On March 4, 2026, she received a further award of 3,035 restricted stock units under the same plan, scheduled to vest on March 4, 2029. Her reported direct holdings include 167 shares acquired under ITT’s 2023 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Marino Lori B.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,035 | $0.00 | -- |
| Grant/Award | Common Stock | 7,318 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,077 | $190.39 | $776K |
| Tax Withholding | Common Stock | 1,614 | $190.39 | $307K |
Holdings After Transaction:
Common Stock — 14,951 shares (Direct)
Footnotes (1)
- Acquired upon the settlement of performance units granted under the ITT Inc. 2011 Omnibus Incentive Plan (the "Plan") on March 3, 2023 as a result of the satisfaction of the performance criteria underlying the award. Reflects the withholding of shares of common stock to pay the tax liability incident to the settlement of performance units on March 3, 2026, as described in footnote (1) above. The number of shares withheld was determined on March 3, 2026 based on the average of the high/low price of the issuer's common stock on March 3, 2026. Reflects the withholding of shares of common stock to pay the tax liability incident to the vesting on March 3, 2026 of restricted stock units granted under the Plan on March 3, 2023. The number of shares withheld was determined on March 3, 2026 based on the average of the high/low price of the issuer's common stock on March 3, 2026. Reflects an award of restricted stock units under the ITT Inc. 2011 Omnibus Incentive Plan (the "Plan"), all of which are scheduled to vest on March 4, 2029. Includes 167 shares of Common Stock acquired under the ITT Inc. 2023 Employee Stock Purchase Plan.
FAQ
What insider stock transactions did ITT (ITT) report for Lori B. Marino?
ITT reported that officer Lori B. Marino received stock through performance unit and restricted stock unit vesting and awards, while shares were withheld to cover tax liabilities. These movements reflect equity compensation mechanics rather than open-market buying or selling.
What future vesting schedule applies to Lori Marino’s new ITT restricted stock units?
The Form 4 notes an award of 3,035 restricted stock units that are scheduled to vest on March 4, 2029. Vesting means she will receive the underlying shares at that time, assuming plan conditions are met, without an additional purchase price.