WATTS (WTS) CFO granted deferred and restricted stock, small tax withholding
Rhea-AI Filing Summary
WATTS WATER TECHNOLOGIES INC Chief Financial Officer Diane M. McClintock reported routine equity compensation and related tax withholding transactions. She acquired 1,297 shares of deferred stock that will vest in three equal annual installments beginning one year after the grant date.
She also acquired 481 shares subject to restricted stock units under the Management Stock Purchase Plan at a 20% discount to the $238.24 closing price on March 13, 2026, using a portion of her pre-tax 2025 performance bonus. Separately, 64 shares were automatically withheld at $297.80 per share to cover taxes on a prior deferred stock award vesting, a non-discretionary transaction required by her grant agreement.
After these transactions, McClintock directly owns 8,220 shares of Class A Common Stock.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,297 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 481 | $238.24 | $115K |
| Tax Withholding | Class A Common Stock | 64 | $297.80 | $19K |
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.
FAQ
What insider transactions did WATTS WATER TECHNOLOGIES (WTS) CFO Diane McClintock report?
What are the vesting terms of the deferred stock reported by the WTS CFO?
How were the restricted stock units for WTS’s CFO priced and funded?