Watts Water CEO shares withheld for taxes
Watts Water Technologies President and CEO Robert J. Pagano Jr. reported mandatory share withholdings to cover taxes on equity awards.
Rhea-AI Filing Summary
Watts Water Technologies President and CEO Robert J. Pagano Jr. reported mandatory share withholdings to cover taxes on equity awards. On March 16, 2026, a total of 7,788 shares of Class A Common Stock were disposed at $297.80 per share to satisfy tax withholding obligations tied to vesting of deferred stock awards granted in 2023, 2024, and 2025.
The footnotes state these dispositions were required under the grant agreements and the company’s Management Stock Purchase Plan and did not represent discretionary trades. After these transactions, Pagano directly holds 199,753 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 2,061 | $297.80 | $614K |
| Exercise Price or Tax Liability | Class A Common Stock | 2,151 | $297.80 | $641K |
| Exercise Price or Tax Liability | Class A Common Stock | 3,576 | $297.80 | $1.06M |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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.
FAQ
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What insider transaction did Watts Water (WTS) CEO report on this Form 4?
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What types of equity awards triggered the Watts Water (WTS) CEO’s tax withholdings?
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