John L. Stauch - 02 Jan 2024 Form 4 Insider Report for PENTAIR plc (PNR)

Role
President & CEO, Director
Signature
/s/ John K. Wilson, Attorney-in-Fact for John L. Stauch
Issuer symbol
PNR
Transactions as of
02 Jan 2024
Net transactions value
-$42,880
Form type
4
Filing time
04 Jan 2024, 19:50:57 UTC
Previous filing
18 Dec 2023
Next filing
05 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNR Common Shares - Restricted Stock Units Award $0 +22,913 +59% $0.000000 61,815 02 Jan 2024 Direct F1, F2, F3
transaction PNR Common Shares Tax liability $42,880 -628 -6.5% $68.28 9,019 03 Jan 2024 Direct F3, F4, F5
holding PNR Common Shares - Deferral Plan 304,539 02 Jan 2024 Plan Agent F2, F3, F6
holding PNR Common Shares - ESOP 928 02 Jan 2024 Plan Agent 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 Employee Stock Option (right to buy) Award $0 +67,157 $0.000000 67,157 02 Jan 2024 Common Shares 67,157 $70.92 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair plc 2020 Share and Incentive Plan. Each restricted stock unit represents a right to receive one Pentair plc share upon vesting.
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 End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
F4 Shares surrendered to pay taxes applicable to vesting of restricted stock units.
F5 End-of-period holdings include monthly purchases under the ESPP in exempt transactions pursuant to Rule 16b-3(c).
F6 Pentair plc shares will be delivered to the reporting person in accordance with their irrevocable deferral election.
F7 Employee stock option granted under the Pentair plc 2020 Share and Incentive Plan.
F8 One-third of the stock options become exercisable on the first, second and third anniversary of the grant.