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Watts Water (WTS) COO Andre Dhawan reports PSU vesting and tax share withholding

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Watts Water Technologies Chief Operating Officer Andre Dhawan reported equity compensation activity in Class A common stock. On February 9, 2026, he acquired 1,059 shares at $0.0000 per share from the vesting of performance stock units granted on March 13, 2023. On the same date, 329 shares at $319.76 per share were disposed of to satisfy tax withholding obligations required by his grant agreement, which the company notes was not a discretionary transaction. After these transactions, Dhawan directly beneficially owned 10,769 Class A common shares.

Positive

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Negative

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dhawan Andre

(Last) (First) (Middle)
815 CHESTNUT STREET

(Street)
NORTH ANDOVER MA 01845

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WATTS WATER TECHNOLOGIES INC [ WTS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 02/09/2026 A 1,059(1) A $0.0000 11,098 D
Class A Common Stock 02/09/2026 F 329(2) D $319.76 10,769 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares issued to the Reporting Person as a result of the vesting of performance stock units granted to the Reporting Person on March 13, 2023.
2. Represents shares disposed to cover taxes upon the vesting of performance stock units 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.
/s/ Seth M. Kipp, Attorney-in-Fact 02/11/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did WTS Chief Operating Officer Andre Dhawan report on this Form 4?

Andre Dhawan reported an equity award vesting and related tax share withholding. He acquired 1,059 Class A common shares from vesting performance stock units, and 329 shares were disposed of to cover tax withholding obligations tied to that vesting under his grant agreement.

How many Watts Water Technologies (WTS) shares does Andre Dhawan own after the reported transactions?

After the reported transactions, Andre Dhawan directly owns 10,769 Class A common shares. This figure reflects the vesting of 1,059 performance stock unit shares and the disposition of 329 shares to cover tax withholding, as disclosed in the Form 4 filing.

Were Andre Dhawan’s WTS share dispositions discretionary sales in the open market?

No, the share dispositions were not discretionary sales. The Form 4 explains that 329 shares were disposed of solely to cover taxes upon vesting of performance stock units, as required by Dhawan’s grant agreement, rather than representing a voluntary sale decision.

What triggered the issuance of 1,059 WTS shares to Andre Dhawan?

The 1,059 WTS shares were issued upon vesting of performance stock units. The filing states these units were originally granted to Andre Dhawan on March 13, 2023, and the February 9, 2026 vesting resulted in the new Class A common shares being credited to him.

What do the transaction codes A and F mean in Andre Dhawan’s WTS Form 4?

Code A indicates an acquisition from a grant or award, and code F indicates shares withheld for taxes. Dhawan’s 1,059-share transaction used code A for vesting, while the 329-share transaction used code F for tax withholding obligations.

At what price were Andre Dhawan’s WTS shares acquired and disposed on February 9, 2026?

The acquired shares were valued at $0.0000 and the disposed shares at $319.76. The 1,059 vested performance stock unit shares show a zero acquisition price, while the 329 shares used to satisfy tax withholding are reported at a price of $319.76 per share.
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Specialty Industrial Machinery
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United States
NORTH ANDOVER