Watts Water GC receives stock grant, covers taxes
Watts Water Technologies General Counsel Kenneth Robert Lepage reported routine equity compensation activity in Class A Common Stock.
Rhea-AI Filing Summary
Watts Water Technologies General Counsel Kenneth Robert Lepage reported routine equity compensation activity in Class A Common Stock. He received a grant of 1,297 shares of deferred stock that vest in three equal annual installments beginning on the first anniversary of the grant date. On the same date, 304 shares were automatically withheld at a price of $297.80 per share to cover taxes upon the vesting of a prior deferred stock award granted on March 13, 2023, a non-discretionary transaction required by his grant agreement. After these transactions, he directly holds 13,277 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,297 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 304 | $297.80 | $91K |
Footnotes (2)
- F1. Consists of shares of deferred stock that vest in three equal annual installments beginning on the first anniversary of the date of grant.
- F2. 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
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What insider transactions did WTS General Counsel Kenneth Lepage report on this Form 4?
Were Kenneth Lepage’s WTS stock transactions open-market buys or sells?
What are the vesting terms of Kenneth Lepage’s new Watts Water deferred stock award?
AI-generated analysis. How Rhea-AI works. Not financial advice.