ITT executive granted shares, with tax withholding
ITT Inc. senior executive Davide Barbon reported equity transactions tied to company incentive awards.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,100 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 12,358 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,417 | $190.39 | $460K |
| Exercise Price or Tax Liability | Common Stock | 501 | $190.39 | $95K |
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. Reflects an award of restricted stock units under the Plan , all of which are scheduled to vest on March 4, 2029.
FAQ
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What insider transactions did Davide Barbon report at ITT (ITT)?
What does the tax-withholding disposition mean in ITT (ITT) executive’s Form 4?
What plan governed the equity awards in Davide Barbon’s ITT (ITT) filing?
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