Philip M. Rolchigo - Dec 14, 2023 Form 4 Insider Report for PENTAIR plc (PNR)

Signature
/s/ John K. Wilson, Attorney-in-Fact for Philip M. Rolchigo
Stock symbol
PNR
Transactions as of
Dec 14, 2023
Transactions value $
-$44,924
Form type
4
Date filed
12/15/2023, 04:32 PM
Previous filing
Nov 7, 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 $130K +2.43K +13.09% $53.49 21K Dec 14, 2023 Direct F1
transaction PNR Common Shares Sale -$175K -2.43K -11.58% $72.00 18.5K Dec 14, 2023 Direct F1

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 Stock Option (right to buy) Options Exercise $0 -2.43K -100% $0.00 0 Dec 14, 2023 Common Shares 2.43K $53.49 Direct F1, F2

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 10, 2023.
F2 This option is presently exercisable in full.