Watts COO receives stock award; tax shares withheld
Watts Water Technologies Chief Operating Officer Andre Dhawan reported routine equity compensation activity involving Class A Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Watts Water Technologies Chief Operating Officer Andre Dhawan reported routine equity compensation activity involving Class A Common Stock. He received a grant of 1,856 deferred stock shares that vest in three equal annual installments beginning on the first anniversary of the grant date. In a separate entry, 106 shares were disposed of at $297.80 per share to cover taxes due upon vesting of a prior deferred stock award granted on March 13, 2023, as required by his grant agreement and not as a discretionary trade. After these transactions, he directly owned 12,519 shares of Class A Common Stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,856 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 106 | $297.80 | $32K |
Footnotes (2)
- F1. Consists of shares of deferred stock that vest in three equal annual installments beginning on the first anniversary of the date of grant.
- F2. Represents shares disposed to cover taxes upon the vesting of a deferred stock award granted to the Reporting Person on March 13, 2023. The disposition of shares to cover tax withholding obligations is required by the terms of the Reporting Person's grant agreement and does not represent a discretionary transaction by the Reporting Person.
AI-generated analysis. How Rhea-AI works. Not financial advice.