Pentair (PNR) SVP uses share surrender to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PENTAIR plc senior vice president and chief accounting officer Jennifer M. Hensley reported tax-related share dispositions tied to restricted stock unit vesting. On the transaction date, she surrendered 171 and 112 common shares at $98.12 per share to cover tax obligations. Footnotes explain that end-of-period holdings reflect previously reported RSU vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hensley Jennifer M
Role
SVP, CAO & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 171 | $98.12 | $17K |
| Tax Withholding | Common Shares | 112 | $98.12 | $11K |
| holding | Common Shares - Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Shares — 2,606.729 shares (Direct);
Common Shares - Restricted Stock Units — 2,886.903 shares (Direct)
Footnotes (1)
- Shares surrendered to pay taxes applicable to vesting of restricted stock units. End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
FAQ
What insider transaction did PENTAIR (PNR) report for Jennifer M. Hensley?
Jennifer M. Hensley reported share dispositions for tax withholding. She surrendered blocks of 171 and 112 Pentair common shares to satisfy taxes due upon vesting of restricted stock units, rather than executing an open-market sale.
Was the PENTAIR (PNR) insider transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Form 4 code F and footnotes specify that shares were surrendered to pay taxes due on restricted stock unit vesting, rather than sold voluntarily in the market.
What role does Jennifer M. Hensley hold at PENTAIR (PNR)?
Jennifer M. Hensley serves as SVP, CAO & Controller. As a senior vice president and chief accounting officer, she is an executive officer, which requires reporting changes in her Pentair share ownership on Form 4, including tax-withholding transactions tied to equity awards.
What do the footnotes in this PENTAIR (PNR) Form 4 explain?
The footnotes clarify the nature of the dispositions and holdings. They state that shares were surrendered to pay taxes from restricted stock unit vesting, and that end-of-period holdings incorporate vesting of RSUs that had been previously reported in earlier disclosures.