Watts Water (WTS) executive sells 3,029 shares, withholds 1,087 for taxes
Rhea-AI Filing Summary
Watts Water Technologies executive Elie Melhem reported several Class A Common Stock transactions. On March 17, 2026, he completed an open-market sale of 3,029 shares at $303.05 per share, leaving him with 11,971 shares held directly.
On March 16, 2026, three separate dispositions totaling 1,087 shares at $297.80 per share were made to cover tax withholding obligations tied to vesting of prior deferred stock awards and RSUs. Footnotes state these tax-related share withholdings were mandated by award terms and were not discretionary, and the sale was executed under a pre-arranged Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,029 | $303.05 | $918K |
| Tax Withholding | Class A Common Stock | 219 | $297.80 | $65K |
| Tax Withholding | Class A Common Stock | 223 | $297.80 | $66K |
| Tax Withholding | Class A Common Stock | 645 | $297.80 | $192K |
Footnotes (1)
- 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. 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. 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. This sale of Class A Common Stock was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 10, 2025.
FAQ
What insider transactions did Elie Melhem report for Watts Water Technologies (WTS)?
What is the significance of the Rule 10b5-1 plan mentioned in the WTS Form 4?