Pentair names Robert Hau CFO, sets $2.5M RSU grant
Pentair plc names a permanent CFO, detailing a multi-part compensation package including salary, bonus targets, equity awards, and change-in-control protections.
Rhea-AI Filing Summary
PENTAIR plc (PNR) announced that its Board of Directors has appointed Robert W. Hau as Executive Vice President and Chief Financial Officer, effective November 1, 2026, succeeding Robert P. Fishman, who will resign from his role as Interim EVP and CFO on that date. Hau, age 60, joined Pentair as Senior Vice President, Finance on September 15, 2026 and previously served as CFO at several large public companies, including Fiserv, Inc., TE Connectivity Ltd., and Lennox International Inc., and as a senior finance executive at Honeywell International, Inc.
Hau will receive an annual base salary of $775,000, with an annual cash bonus target equal to 100% of base salary (prorated for 2026), an initial equity award of restricted stock units with a grant date fair value of $2,500,000 that cliff vest after five years, and a new-hire cash bonus of $200,000 subject to repayment if he voluntarily resigns within two years. He will also be eligible for annual equity awards beginning in 2027 and will participate in Pentair’s executive benefit programs, including a Key Executive Employment and Severance Agreement that may provide severance and other benefits upon certain terminations following a change in control.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Effective date as CFO: November 1, 2026
Annual base salary: $775,000
Annual cash bonus target: 100% of base salary
+4 more
7 metrics
Effective date as CFO
November 1, 2026
Date Robert W. Hau becomes Executive Vice President and Chief Financial Officer
Annual base salary
$775,000
Base salary for Robert W. Hau as Executive Vice President and Chief Financial Officer
Annual cash bonus target
100% of base salary
Target bonus opportunity for Robert W. Hau, prorated for 2026
Initial RSU award grant date fair value
$2,500,000
Restricted stock units that cliff vest after five years for Robert W. Hau
New hire cash bonus
$200,000
Cash bonus payable to Robert W. Hau, subject to repayment if he voluntarily resigns within two years
CFO age
60
Age of Robert W. Hau at the time of appointment disclosure
Year annual equity awards begin
2027
First year Robert W. Hau is eligible for ongoing annual equity incentive awards
Key Terms
restricted stock units, grant date fair value, cliff vest, Key Executive Employment and Severance Agreement, +2 more
6 terms
restricted stock units financial
"an initial equity award consisting of restricted stock units with a grant date"
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.
grant date fair value financial
"restricted stock units with a grant date fair value of $2,500,000"
The grant date fair value is the estimated dollar worth of a stock-based award (such as stock options or restricted shares) at the exact moment it is given to an employee or contractor. Investors care because companies use that value to record compensation expenses and to show how much potential ownership and earnings dilution those awards could create—think of it as the price tag placed on a gift card when it is handed over so the company can report the cost now.
cliff vest financial
"restricted stock units with a grant date fair value of $2,500,000 that will cliff vest"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
Key Executive Employment and Severance Agreement financial
"including a Key Executive Employment and Severance Agreement (the “KEESA”)"
change in control regulatory
"following a “change in control” (as defined in the KEESA) of the Company"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
good reason regulatory
"if Mr. Hau terminates his employment for conditions that constitute “good reason”"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive leadership change did PNR disclose on September 21, 2026?
Pentair plc disclosed that its Board appointed Robert W. Hau as Executive Vice President and Chief Financial Officer effective November 1, 2026, and that Robert P. Fishman will resign from his role as Interim EVP and CFO on that date.
What is the new CFO’s base salary and bonus opportunity at PNR?
Robert W. Hau will receive an annual base salary of $775,000 and an annual cash bonus target opportunity equal to 100% of his base salary. The bonus for 2026 will be prorated based on eligible months and tied to goals set by the Compensation Committee.
What equity compensation will PNR grant to new CFO Robert W. Hau?
Robert W. Hau will receive an initial equity award of restricted stock units with a grant date fair value of $2,500,000. These RSUs will cliff vest after five years, and he will be eligible for an annual equity incentive award beginning in 2027.
Does the new PNR CFO receive any hiring or sign-on bonus?
Yes. Robert W. Hau will receive a new hire cash bonus of $200,000, which is subject to repayment if he voluntarily terminates employment within two years after his hire date.
What severance protections will the new PNR CFO have in a change in control?
Robert W. Hau will participate in a Key Executive Employment and Severance Agreement, which may provide severance and other benefits if, following a change in control, he is involuntarily terminated other than for death, disability or cause, or if he resigns for conditions constituting good reason.
What prior experience does PNR’s new CFO, Robert W. Hau, bring to the role?
Robert W. Hau, age 60, previously served as CFO of Fiserv, Inc., Executive Vice President and CFO of TE Connectivity Ltd. and Lennox International Inc., and Vice President and CFO for the aerospace business group at Honeywell International, Inc..
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 21, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File No.) | (I.R.S. Employer Identification No.) | ||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: 44 -74 -9421-6154
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2). ☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On September 21, 2026, the Board of Directors of Pentair plc (the “Company”) appointed Robert W. Hau as the Company’s Executive Vice President and Chief Financial Officer effective as of November 1, 2026, at which time Robert P. Fishman will resign from his role as the Company’s Interim Executive Vice President and Chief Financial Officer.
Mr. Hau, 60, has served as the Company’s Senior Vice President, Finance since September 15, 2026. He previously served Fiserv, Inc., a global provider of payments and financial services technology solutions, as Chief Financial Officer from 2016 to 2025 and Special Advisor from 2025 to March 31, 2026; TE Connectivity Ltd., a global technology and manufacturing company, as Executive Vice President and Chief Financial Officer from 2012 to 2016; Lennox International Inc., a provider of products and services in the heating, air conditioning, and refrigeration markets, as Executive Vice President and Chief Financial Officer from 2009 to 2012; and Honeywell International, Inc., a technology and manufacturing company, as Vice President and Chief Financial Officer for the aerospace business group from 2006 to 2009.
The Compensation Committee of the Board of Directors of the Company approved the compensation for Mr. Hau as the Company’s Executive Vice President and Chief Financial Officer. Mr. Hau will receive an annual base salary of $775,000 and will have an annual cash bonus target opportunity of 100% of his base salary, which bonus for 2026 will be prorated for the number of eligible months and based on the terms and performance goals established by the Compensation Committee. Mr. Hau will also receive (i) an initial equity award consisting of restricted stock units with a grant date fair value of $2,500,000 that will cliff vest after five years and (ii) a new hire cash bonus of $200,000, subject to repayment if Mr. Hau voluntarily terminates employment within two years after his hire date. Mr. Hau will also be eligible to receive an annual equity incentive award beginning in 2027 and to participate in other standard benefit plans and programs in which other executive officers of the Company participate as disclosed in the Company’s 2026 Proxy Statement, including a Key Executive Employment and Severance Agreement (the “KEESA”). The KEESA will provide that Mr. Hau could be entitled to certain severance and other benefits following a “change in control” (as defined in the KEESA) of the Company if Mr. Hau is involuntarily terminated, other than for death, disability or “cause” (as defined in the KEESA), or if Mr. Hau terminates his employment for conditions that constitute “good reason” (as defined in the KEESA). The foregoing description of the KEESA is qualified in its entirety by reference to the full text of the KEESA, a copy of the form of which is filed as Exhibit 10.27 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and is incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired
Not applicable.
(b) Pro Forma Financial Information
Not applicable.
(c) Shell Company Transactions
Not applicable.
(d) Exhibits
The exhibit listed in the Exhibit Index below is filed as part of this report.
| EXHIBIT INDEX | |||||||||||
| Exhibit | Description | ||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on September 22, 2026.
| PENTAIR PLC | ||||||||
| Registrant | ||||||||
| By | /s/ Lance T Bonner | |||||||
| Lance T Bonner | ||||||||
Executive Vice President, General Counsel and Secretary | ||||||||