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Watts Water (NYSE: WTS) CEO receives stock awards and covers tax with shares

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Watts Water Technologies President and CEO Robert J. Pagano Jr. reported routine equity compensation transactions in Class A Common Stock. He received 12,511 shares of deferred stock that vest in three equal annual installments starting one year after the March 13, 2026 grant date.

He also acquired 5,685 shares subject to restricted stock units under the Management Stock Purchase Plan at a 20% discount to the $238.24 closing price, using a portion of his pre-tax 2025 performance bonus. These restricted stock units vest in three equal annual installments beginning one year after grant.

To cover tax withholding on a prior deferred stock award granted on March 13, 2023, 1,857 shares were disposed at $297.80 per share, as required by his grant agreement, and not as a discretionary transaction. Following these transactions, he directly owns 207,541 shares of Class A Common Stock.

Positive

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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*
Pagano Robert J Jr

(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)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026
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 03/13/2026 A 12,511(1) A $0.0000 203,713 D
Class A Common Stock 03/13/2026 A 5,685(2) A $238.24 209,398 D
Class A Common Stock 03/13/2026 F 1,857(3) D $297.8 207,541 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. Consists of shares of deferred stock that vest in three equal annual installments beginning on the first anniversary of the date of grant.
2. 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.
3. 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.
Remarks:
powerofattorneypagano.txt
/s/ Nicholas A. Denice, Attorney-in-Fact 03/16/2026
** 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 did WTS CEO Robert Pagano report in this Form 4?

Robert J. Pagano Jr. reported equity compensation awards and related tax withholding. He received 12,511 deferred stock shares, 5,685 restricted stock units under a purchase plan, and had 1,857 shares withheld to cover taxes on a prior award, leaving 207,541 shares owned.

How many Watts Water (WTS) shares did the CEO acquire on March 13, 2026?

On March 13, 2026, the CEO acquired 12,511 shares of deferred stock and 5,685 shares subject to restricted stock units. Both awards vest in three equal annual installments beginning one year after the grant date, reflecting ongoing long-term incentive compensation.

Was the 1,857-share disposition in WTS stock a discretionary sale?

No. The 1,857-share disposition was to cover tax withholding on a deferred stock award granted March 13, 2023. The filing states this tax-related share delivery is required by the grant agreement and does not represent a discretionary transaction by the reporting person.

What vesting terms apply to the CEO’s new Watts Water stock awards?

Both the 12,511 deferred stock shares and 5,685 restricted stock units vest in three equal annual installments. Vesting begins on the first anniversary of the March 13, 2026 grant date, aligning the CEO’s compensation with multi-year company performance and retention incentives.

How were the new WTS restricted stock units for the CEO funded?

The 5,685 restricted stock units were purchased under the Management Stock Purchase Plan at a 20% discount to the $238.24 closing price. The filing explains they were funded using a portion of the CEO’s pre-tax 2025 performance bonus, reinforcing performance-linked pay.

How many Watts Water shares does the CEO own after these transactions?

After the reported transactions, the CEO directly owns 207,541 shares of Watts Water Class A Common Stock. This figure reflects the net result of his new awards and the 1,857 shares delivered to satisfy tax withholding obligations on a prior deferred stock grant.
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