Watts Water director gifts, converts 3,650 shares
WATTS WATER TECHNOLOGIES INC (WTS) director Joseph T. Noonan reported indirect transactions involving Class B and Class A Common Stock held through family trusts.
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Form Type
4
Rhea-AI Filing Summary
WATTS WATER TECHNOLOGIES INC (WTS) director Joseph T. Noonan reported indirect transactions involving Class B and Class A Common Stock held through family trusts. On 2026-08-20, a trust for the benefit of his spouse made a bona fide gift of 3,650 shares of Class B Common Stock and then converted 3,650 Class B shares into 3,650 shares of Class A Common Stock on a 1-for-1 basis, which are held indirectly by that trust. Class B shares are convertible into Class A shares upon issuance and have no expiration date. Following these transactions, indirect trust holdings include Class B shares convertible into 6,447, 5,922 and 6,447 underlying Class A shares in three separate 2017 trusts for his daughters, and Noonan also holds 1,650 shares of Class A Common Stock directly.
Insider Trade Summary
3,650 shares exercised/converted
Exercise
7 txns
Insider
Noonan Joseph T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock F1, F3, F2 | 3,650 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F3, F2 | 3,650 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 3,650 | $0.00 | $0.00 |
| holding | Class B Common Stock F1, F3, F4 | -- | -- | -- |
| holding | Class B Common Stock F1, F3, F5 | -- | -- | -- |
| holding | Class B Common Stock F1, F3, F6 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 0 contracts (Indirect, By Trust);
Class A Common Stock — 3,650 shares (Indirect, By Trust);
Class B Common Stock — 6,447 contracts (Indirect, The Kiera R. Noonan Trust - 2017);
Class B Common Stock — 5,922 contracts (Indirect, The Liv R. Noonan Trust - 2017);
Class B Common Stock — 6,447 contracts (Indirect, The Tessa R. Noonan Trust - 2017);
Class A Common Stock — 1,650 shares (Direct)
Footnotes (6)
- F1. Shares of Class B Common Stock are convertible into shares of Class A Common Stock on a 1-for-1 basis.
- F2. The shares are held in a trust for the benefit of Tiffany Horne Noonan, the Reporting Person's spouse, who also serves as co-trustee of this trust.
- F3. All shares of Class B Common Stock were convertible into Class A Common Stock upon issuance and do not have an expiration date.
- F4. The shares are held by the Kiera R. Noonan Trust - 2017, which was established for the benefit of the Reporting Person's daughter. The Reporting Person serves as trustee of this trust.
- F5. The shares are held by the Liv R. Noonan Trust - 2017, which was established for the benefit of the Reporting Person's daughter. The Reporting Person serves as trustee of this trust.
- F6. The shares are held by the Tessa R. Noonan Trust - 2017, which was established for the benefit of the Reporting Person's daughter. The Reporting Person serves as trustee of this trust.
Key Figures
Gifted Class B shares: 3,650 shares of Class B Common Stock
Converted Class B to Class A: 3,650 Class B to 3,650 Class A shares
Indirect Class B underlying Kiera R. Noonan Trust - 2017: 6,447 underlying Class A shares
+3 more
6 metrics
Gifted Class B shares
3,650 shares of Class B Common Stock
Bona fide gift on 2026-08-20 by trust for reporting person’s spouse
Converted Class B to Class A
3,650 Class B to 3,650 Class A shares
Conversion of derivative security on 2026-08-20, indirect ownership by trust
Indirect Class B underlying Kiera R. Noonan Trust - 2017
6,447 underlying Class A shares
Class B Common Stock held indirectly, convertible 1-for-1 into Class A
Indirect Class B underlying Liv R. Noonan Trust - 2017
5,922 underlying Class A shares
Class B Common Stock held indirectly, convertible 1-for-1 into Class A
Indirect Class B underlying Tessa R. Noonan Trust - 2017
6,447 underlying Class A shares
Class B Common Stock held indirectly, convertible 1-for-1 into Class A
Direct Class A holdings
1,650 shares of Class A Common Stock
Direct ownership by Joseph T. Noonan after reported transactions
Key Terms
Class B Common Stock, Class A Common Stock, bona fide gift, Conversion of derivative security, +1 more
5 terms
Class B Common Stock financial
"Shares of Class B Common Stock are convertible into shares of Class A"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"convertible into shares of Class A Common Stock on a 1-for-1 basis"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
indirect financial
"ownership_type": "indirect""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WTS director Joseph T. Noonan report on August 20, 2026?
Joseph T. Noonan reported a bona fide gift of 3,650 shares of Class B Common Stock held indirectly via a trust for his spouse, followed by conversion of 3,650 Class B shares into 3,650 Class A Common shares on a 1-for-1 basis.
What indirect WTS Class B holdings for Noonan’s daughters are disclosed?
Indirect holdings include Class B Common Stock convertible into 6,447, 5,922 and 6,447 underlying Class A shares, held by the Kiera R. Noonan Trust - 2017, Liv R. Noonan Trust - 2017, and Tessa R. Noonan Trust - 2017, respectively, with Joseph T. Noonan serving as trustee.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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