ITT Inc. (ITT) CEO and director discloses charitable gift of company shares
Rhea-AI Filing Summary
ITT Inc. reported that its President and CEO, who also serves as a director, made a bona fide gift of 5,725 shares of common stock on December 18, 2025. The shares were transferred at a price of $0 to a charitable donor-advised fund. After this transaction, the insider beneficially owns 260,170 shares of ITT common stock, including 398 shares acquired under the ITT Inc. 2023 Employee Stock Purchase Plan.
The gifted shares remain subject to a lock-up agreement dated December 5, 2025, related to the company’s registered common stock offering that closed on December 10, 2025. The donee has agreed not to sell or transfer these shares until the applicable lock-up period expires, meaning the shares cannot be traded during that restricted timeframe.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 5,725 | $0.00 | -- |
Footnotes (1)
- Represents a bona fide gift of shares by the reporting person to a charitable donor-advised fund. The gifted shares are subject to a lock-up agreement, dated December 5, 2025, between the reporting person and the representatives of the several underwriters for the issuer's registered common stock offering that closed on December 10, 2025. The gifted shares will remain subject to the lock-up agreement and the donee has agreed to refrain from selling or otherwise transferring the shares until the expiration of the applicable lock-up period. Includes 398 shares of Common Stock acquired under the ITT Inc. 2023 Employee Stock Purchase Plan.
FAQ
What insider transaction did ITT (ITT) disclose in this Form 4?
ITT disclosed that its President and CEO, who is also a director, made a bona fide gift of 5,725 shares of ITT common stock on December 18, 2025 to a charitable donor-advised fund.
Does this ITT (ITT) Form 4 involve any derivative securities like options or warrants?
The filing includes a Table II heading for derivative securities, but no specific derivative transactions or holdings are listed in the provided content.