Watts Water (WTS) CAO surrenders shares to cover tax on equity vesting
Rhea-AI Filing Summary
Watts Water Technologies Chief Accounting Officer Virginia A. Halloran reported routine tax-related share dispositions, not open-market sales. On March 16, 2026, she surrendered a total of 349 shares of Class A Common Stock at $297.80 per share to cover tax withholding on vested equity awards granted in 2023, 2024, and 2025. The footnotes state these withholdings were required under her grant agreements and the company’s Management Stock Purchase Plan, so they were not discretionary trades. After these transactions, she directly holds 13,748 shares.
Positive
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Negative
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Insights
Non-discretionary tax withholding on equity vesting; minimal signal for investors.
Virginia A. Halloran, Chief Accounting Officer of Watts Water Technologies, reported three Form 4 entries with code F, totaling 349 Class A shares surrendered at $297.80 per share. Footnotes clarify these were required withholdings on vesting of prior stock and RSU awards.
Because the shares were disposed solely to satisfy tax obligations under pre-set grant and plan terms, they do not represent discretionary buying or selling decisions. After these events, Halloran still directly owns 13,748 shares, indicating the net change is small relative to her overall reported position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 36 | $297.80 | $11K |
| Tax Withholding | Class A Common Stock | 40 | $297.80 | $12K |
| Tax Withholding | Class A Common Stock | 273 | $297.80 | $81K |
Footnotes (1)
- Represents shares disposed to cover taxes upon the vesting of a deferred stock award granted to the Reporting Person on March 14, 2024. 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. Represents shares disposed to cover taxes upon the vesting of a deferred stock award granted to the Reporting Person on March 14, 2025. 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. Represents the number of shares required to be withheld to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs) purchased by the Reporting Person under the Issuer's Management Stock Purchase Plan (MSPP) on March 15, 2023. The Reporting Person previously reported the total number of shares subject to vesting of the RSUs in Table I of a Form 4 filed in connection with the original purchase of the RSUs. The withholding of shares to cover tax withholding obligations is mandated by the terms of the Issuer's MSPP and does not represent a discretionary transaction by the Reporting Person.