Watts Water Horne group updates 13G ownership
Watts Water Technologies Inc. received an amended Schedule 13G/A from members of the Horne family and an associated trustee reporting their beneficial ownership of the company’s Class A common stock.
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Rhea-AI Filing Summary
Watts Water Technologies Inc. received an amended Schedule 13G/A from members of the Horne family and an associated trustee reporting their beneficial ownership of the company’s Class A common stock. The filing is based largely on holdings of Class B common stock that is convertible into Class A on a one‑for‑one basis.
Timothy P. Horne is deemed the beneficial owner of 5,911,290 shares of Class A common stock, representing a 17.7% equity interest and a 68.1% voting interest. His position is primarily held through various trusts and a long‑standing voting trust structure. Daniel W. Horne and Deborah Horne each report beneficial ownership of 1,666,970 shares (5.7% equity each), while Peter W. Horne reports 1,529,770 shares (5.3% equity) and a 0.2% voting percentage. Walter J. Flowers is deemed the beneficial owner of 1,799,710 shares (6.2% equity) through trusts but disclaims beneficial ownership of these shares.
The filing explains that 5,896,290 shares of Class B common stock are subject to The Amended and Restated George B. Horne Voting Trust Agreement 1997. As trustee, Timothy P. Horne has sole power to vote all shares covered by this voting trust. The voting trust was unanimously extended effective November 26, 2024 for four additional years and is scheduled to expire on August 26, 2030, reinforcing the continuity of the current voting control arrangements.
Insights
Horne family maintains concentrated voting control at Watts Water through an extended voting trust.
The disclosure shows a tightly held ownership structure at Watts Water Technologies, with Timothy P. Horne deemed to hold a 17.7% equity stake but a much larger 68.1% voting interest. This gap arises from extensive holdings of Class B shares, which are convertible into Class A on a one‑for‑one basis but carry significant voting influence via trust arrangements.
Under the 1997 Voting Trust, 5,896,290 Class B shares are pooled, and as current trustee, Timothy P. Horne has sole power to vote them. Other family members and related trusts (Daniel, Deborah, Peter Horne and trusts overseen by Walter Flowers) beneficially own between 5.3% and 6.2% of the equity each, but voting power is effectively centralized at the trustee level under the trust terms.
The extension of the George B. Horne Voting Trust to August 26, 2030, effective by unanimous certificate holder agreement on November 26, 2024, indicates that this concentrated voting arrangement is planned to remain in place for several more years. Future company filings that reference changes in trustees or amendments to the trust could signal shifts in how this voting control is exercised.
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