Equity awards and tax share withholding for ITT Inc. (ITT) executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ITT Inc. senior executive Davide Barbon reported equity transactions tied to company incentive awards. He acquired 12,358 and 4,100 shares of common stock at $0.00 per share through grants and settlements under ITT’s omnibus incentive plan after performance and vesting conditions were satisfied. To cover related tax liabilities, 2,417 and 501 shares were withheld and disposed of at $190.39 per share. After these transactions, Barbon directly owned 34,053 shares of ITT common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Barbon Davide
Role
SVP & President, MT and APAC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,100 | $0.00 | -- |
| Grant/Award | Common Stock | 12,358 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,417 | $190.39 | $460K |
| Tax Withholding | Common Stock | 501 | $190.39 | $95K |
Holdings After Transaction:
Common Stock — 38,153 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 and October 23, 2023 as a result of the satisfaction of the performance criteria underlying the awards. 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 Plan , all of which are scheduled to vest on March 4, 2029.
FAQ
What insider transactions did Davide Barbon report at ITT (ITT)?
Davide Barbon reported stock-based compensation activity, receiving ITT common shares from incentive awards and performance unit settlements, and having some shares withheld. The withheld shares were used to satisfy tax liabilities associated with the vesting and settlement of these equity awards under ITT’s incentive plan.
What does the tax-withholding disposition mean in ITT (ITT) executive’s Form 4?
Tax-withholding dispositions indicate that shares were automatically withheld to pay income taxes triggered by equity vesting. For Davide Barbon, 2,417 and 501 ITT shares were withheld at $190.39 per share, rather than him receiving those shares and paying the tax liability in cash separately.
What plan governed the equity awards in Davide Barbon’s ITT (ITT) filing?
The equity awards were granted under the ITT Inc. 2011 Omnibus Incentive Plan. Performance units and restricted stock units vested or settled after their criteria were met, resulting in common stock being delivered to Davide Barbon and some shares withheld to cover related tax liabilities.