Watts Water (NYSE: WTS) gift leaves 4,972,640 Class B shares
Rhea-AI Filing Summary
WATTS WATER TECHNOLOGIES INC (WTS) insider Timothy P. Horne reported a bona fide gift of 3,650 shares of Class B Common Stock on 2026-08-20, held indirectly through trusts. After the gift, trusts for which he serves as trustee held 4,972,640 Class B shares under a voting trust and a separate revocable trust held 920,000 Class B shares. Each Class B share is convertible into one share of Class A Common Stock with no expiration.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,650 shares gifted
Gift
2 txns
Insider
HORNE TIMOTHY P
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock F1, F2, F3 | 3,650 | $0.00 | $0.00 |
| holding | Class B Common Stock F1, F2, F4 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 4,972,640 shares (Indirect, By Trust);
Class B Common Stock — 920,000 shares (Indirect, By Revocable Trust)
Footnotes (4)
- F1. Shares of Class B Common Stock are convertible into shares of Class A Common Stock on a 1-for-1 basis.
- F2. All shares of Class B Common Stock were convertible into Class A Common Stock upon issuance and do not have an expiration date.
- F3. Consists of the following shares of Class B Common Stock which are subject to The Amended and Restated George B. Horne Voting Trust Agreement - 1997 for which the Reporting Person serves as trustee: (i) 1,666,970 shares held in a trust for the benefit of Daniel W. Horne, (ii) 1,666,970 shares held in a trust for the benefit of Deborah Horne, (iii) 1,495,010 shares held in a trust for the benefit of Peter W. Horne, (iv) 10,950 shares held in a trust for the benefit of Tiffany Horne Noonan, (v) 113,924 shares held in a trust for the benefit of Tiffany Horne Noonan, (vi) 6,447 shares held in a trust for the benefit of Kiera R. Noonan, (vii) 6,447 shares held in a trust for the benefit of Tessa R. Noonan, and (viii) 5,922 shares held in a trust for the benefit of Liv R. Noonan.
- F4. The shares are held in a revocable trust of which the Reporting Person is the sole trustee and the sole beneficiary.
Key Figures
Gifted Class B Common Stock: 3,650 shares
Class B shares following transaction (voting trusts): 4,972,640 shares
Class B shares in revocable trust: 920,000 shares
+2 more
5 metrics
Gifted Class B Common Stock
3,650 shares
Bona fide gift on 2026-08-20
Class B shares following transaction (voting trusts)
4,972,640 shares
Indirectly held through beneficiary trusts where Horne is trustee
Class B shares in revocable trust
920,000 shares
Indirectly held in revocable trust where Horne is sole trustee and beneficiary
Conversion ratio Class B to Class A
1-for-1
Each Class B Common Share convertible into one Class A share
Gifted underlying Class A equivalent
3,650 shares
Underlying Class A Common Stock for the 3,650 Class B shares gifted
Key Terms
bona fide gift, Class B Common Stock, voting trust, revocable trust, +1 more
5 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Class B Common Stock financial
"security_title: "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
voting trust financial
"subject to The Amended and Restated George B. Horne Voting Trust Agreement"
A voting trust is an arrangement where shareholders temporarily transfer their voting rights to one or more trusted individuals (trustees) who vote on company matters on their behalf. It matters to investors because it consolidates decision-making power—like handing the car keys to a single driver for a journey—which can stabilize leadership or push through strategic plans but also reduces individual shareholders’ direct influence and can affect the company’s direction and stock value.
revocable trust financial
"The shares are held in a revocable trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What insider transaction did Timothy P. Horne report for WTS?
Timothy P. Horne reported a bona fide gift of 3,650 shares of Class B Common Stock on 2026-08-20, transferred from indirect holdings held in trust.
What is the relationship between WTS Class B and Class A Common Stock?
Each share of WTS Class B Common Stock is convertible into one share of Class A Common Stock on a 1-for-1 basis, and all Class B shares have been convertible into Class A upon issuance with no expiration date.
Were the WTS insider transactions made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked as being pursuant to a plan, and there is no footnote stating that the reported gift was executed under a Rule 10b5-1 trading arrangement.
How are Timothy P. Horne’s indirect WTS holdings structured?
Indirect WTS holdings include 4,972,640 Class B shares in multiple beneficiary trusts under a voting trust agreement where he serves as trustee, plus 920,000 Class B shares in a revocable trust where he is sole trustee and beneficiary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
