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.
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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.
How many ITT (ITT) shares does the insider own after the reported transaction?
Following the reported gift, the insider beneficially owns 260,170 shares of ITT common stock, which includes 398 shares acquired under the ITT Inc. 2023 Employee Stock Purchase Plan.
Was there a sale price for the ITT (ITT) shares transferred in this transaction?
No sale price was involved. The Form 4 shows the 5,725 gifted shares at a price of $0, reflecting that this was a gift rather than an open-market sale.
Are the gifted ITT (ITT) shares subject to any trading restrictions?
Yes. The gifted shares remain subject to a lock-up agreement dated December 5, 2025, tied to ITT’s registered common stock offering that closed on December 10, 2025. The donee has agreed not to sell or transfer the shares until the lock-up period expires.
What type of ownership is reported for the ITT (ITT) insider’s remaining shares?
The Form 4 reports that the 260,170 shares of ITT common stock beneficially owned after the transaction are held with direct (D) ownership.
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.