ITT (ITT) director Don Defosset receives 909-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DEFOSSET DON reported acquisition or exercise transactions in this Form 4 filing.
Director Don Defosset received an award of 909 shares of ITT Inc. common stock in the form of restricted stock units. The award carries no purchase price and is scheduled to vest on the business day immediately prior to the ITT 2027 Annual Meeting of Shareholders.
After this grant, Defosset directly holds a total of 23,756.678 shares of ITT common stock, including 725 shares accumulated under a dividend reinvestment plan. This filing reflects a compensation-related equity grant rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DEFOSSET DON
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 909 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 23,756.678 shares (Direct, null)
Footnotes (1)
- Reflects an award of restricted stock units, all of which are scheduled to vest on the business day immediately prior to the ITT 2027 Annual Meeting of Shareholders. Includes 725 shares under a dividend reinvestment plan.
Key Figures
Restricted stock unit grant: 909 shares
Grant price per share: $0.00 per share
Total shares after transaction: 23,756.678 shares
+1 more
4 metrics
Restricted stock unit grant
909 shares
Award of ITT common stock units to director
Grant price per share
$0.00 per share
Equity award, no purchase price
Total shares after transaction
23,756.678 shares
Director’s direct ITT holdings following grant
Dividend reinvestment plan shares
725 shares
Portion of holdings from dividend reinvestment plan
Key Terms
restricted stock units, dividend reinvestment plan, Annual Meeting of Shareholders, grant, award, or other acquisition
4 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.
dividend reinvestment plan financial
"Includes 725 shares under a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did ITT (ITT) report for Don Defosset?
ITT reported that director Don Defosset received a grant of 909 restricted stock units of common stock. This is a compensation-related award with no purchase price, not an open-market buy or sale of shares by the director.
When do Don Defosset’s new ITT (ITT) restricted stock units vest?
The 909 restricted stock units awarded to Don Defosset are scheduled to vest on the business day immediately prior to the ITT 2027 Annual Meeting of Shareholders, tying the vesting date to the company’s future shareholder meeting schedule.
Is Don Defosset’s ITT (ITT) Form 4 transaction a stock purchase or sale?
The Form 4 shows a grant of 909 restricted stock units at a price of $0.00 per share, classified as a grant or award acquisition. It is not an open-market stock purchase or sale, but part of director equity compensation.
What does the dividend reinvestment plan note mean in ITT (ITT) director holdings?
The filing notes that Don Defosset’s total direct holdings include 725 shares under a dividend reinvestment plan. This means some dividends on his ITT stock were automatically reinvested into additional shares instead of being paid in cash.