T Michael Glenn - Dec 1, 2023 Form 4 Insider Report for PENTAIR plc (PNR)

Role
Director
Signature
/s/ John K. Wilson, Attorney-in-Fact for T. Michael Glenn
Stock symbol
PNR
Transactions as of
Dec 1, 2023
Transactions value $
-$29,809
Form type
4
Date filed
12/4/2023, 04:35 PM
Previous filing
May 19, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNR Common Shares Options Exercise $116K +2.26K +8.1% $51.21 30.2K Dec 1, 2023 Direct F1
transaction PNR Common Shares Sale -$146K -2.26K -7.5% $64.40 27.9K Dec 1, 2023 Direct F1
holding PNR Common Shares - Restricted Stock Units 3.37K Dec 1, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PNR Director Stock Option (Right to Buy) Options Exercise $0 -2.26K -100% $0.00* 0 Dec 1, 2023 Common Shares 2.26K $51.21 Direct F1, F3
holding PNR Phantom Stock Units (Deferred Compensation 1.94K Dec 1, 2023 Common Shares 1.94K Plan Agent F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person for financial planning purposes on August 17, 2023.
F2 End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).
F3 This option is presently exercisable in full.
F4 Phantom stock units convert into common shares on a one-for-one basis.
F5 Settlement of phantom stock units will be in Pentair common shares in accordance with reporting person's irrevocable election.