Watts Water (NYSE: WTS) CAO granted stock awards, shares withheld for taxes
Rhea-AI Filing Summary
Watts Water Technologies Chief Accounting Officer Virginia A. Halloran reported routine equity compensation activity. She acquired 251 shares of Class A Common Stock as deferred stock that will vest in three equal annual installments beginning one year after the grant date. She also acquired 250 shares through restricted stock units purchased under the company’s Management Stock Purchase Plan at a 20% discount to the closing price, using a portion of her pre-tax 2025 performance bonus, with these units vesting over three years as well. To satisfy tax withholding obligations from a prior deferred stock award, 42 shares were automatically withheld, a required, non-discretionary disposition. Following these transactions, she holds 14,097 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 251 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 250 | $238.24 | $60K |
| Tax Withholding | Class A Common Stock | 42 | $297.80 | $13K |
Footnotes (1)
- Consists of shares of deferred stock that vest in three equal annual installments beginning on the first anniversary of the date of grant. 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. 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.