Watts (NYSE: WTS) COO gets stock grant as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dhawan Andre
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,856 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 106 | $297.80 | $32K |
Holdings After Transaction:
Class A Common Stock — 12,625 shares (Direct)
Footnotes (1)
- Consists of shares of deferred stock that vest in three equal annual installments beginning on the first anniversary of the date of grant. 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.