Watts Water (NYSE: WTS) executive receives stock awards and tax share withholding
Rhea-AI Filing Summary
Watts Water Technologies executive Elie Melhem, President–APAC, Middle East and Africa, reported equity compensation and related tax withholding in Class A Common Stock on March 13, 2026. He received 1,319 shares of deferred stock at $0.00 per share that vest in three equal annual installments starting on the first anniversary of the grant date.
He also acquired 840 shares subject to restricted stock units at $238.24 per share under the Management Stock Purchase Plan, bought at a 20% discount using a portion of his pre-tax 2025 performance bonus; these units vest in three equal annual installments beginning one year after the grant date. In a separate, non-discretionary transaction, 248 shares were withheld at $297.80 per share to cover taxes upon vesting of a 2023 deferred stock award. Following these transactions, he directly owns 16,087 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,319 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 840 | $238.24 | $200K |
| Tax Withholding | Class A Common Stock | 248 | $297.80 | $74K |
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 subject to restricted stock units purchased by the Reporting Person under the Issuer's Management Stock Purchase Plan at a discount of 20% from the closing sale price of the Issuer's Class A Common Stock on March 13, 2026. The restricted stock units were purchased using a portion of the Reporting Person's pre-tax 2025 performance bonus. The restricted stock units vest in three equal annual installments beginning one year after 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.