Douglas DelGrosso granted 909 ITT (NYSE: ITT) restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DELGROSSO DOUGLAS G reported acquisition or exercise transactions in this Form 4 filing.
ITT Inc. director Douglas G. DelGrosso received a grant of 909 shares of common stock in the form of restricted stock units at no cost. After this award, he directly holds 1,949 common shares. All granted units are scheduled to vest on the business day immediately before ITT’s 2027 Annual Meeting of Shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DELGROSSO DOUGLAS G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 909 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,949 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock unit grant: 909 shares
Grant price per share: $0.00 per share
Shares held after grant: 1,949 shares
3 metrics
Restricted stock unit grant
909 shares
Award of ITT common stock units on May 21, 2026
Grant price per share
$0.00 per share
Stated price for the 909-share restricted stock unit award
Shares held after grant
1,949 shares
Total direct ITT common stock holdings following the transaction
Key Terms
restricted stock units, vest, Annual Meeting of Shareholders
3 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.
vest financial
"all of which are scheduled to vest on the business day immediately prior"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did ITT (ITT) report for Douglas G. DelGrosso?
ITT reported that director Douglas G. DelGrosso received a grant of 909 restricted stock units of common stock. The award was recorded at a price of $0.00 per share and reflects equity-based compensation rather than an open-market purchase.
What type of equity award did ITT (ITT) grant to Douglas G. DelGrosso?
Douglas G. DelGrosso received an award of restricted stock units tied to ITT common stock. Restricted stock units are share-based compensation that convert into shares when vesting conditions are met, rather than an immediate cash transaction or market trade.
When do Douglas G. DelGrosso’s ITT (ITT) restricted stock units vest?
All of the granted restricted stock units are scheduled to vest on the business day immediately prior to ITT’s 2027 Annual Meeting of Shareholders. Vesting on this timetable links the award to his continued board service through that meeting.
Is this ITT (ITT) Form 4 transaction part of a derivative exercise or tax withholding?
No, the filing describes a single non-derivative grant of restricted stock units and shows no derivative transactions, exercises, gifts, or tax-withholding dispositions. The transaction summary lists one acquisition and zero sales or derivative exercises.