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

Signature
/s/ John K. Wilson, Attorney-in-Fact for De'Mon L. Wiggins
Issuer symbol
PNR
Transactions as of
02 Jan 2024
Net transactions value
-$50,459
Form type
4
Filing time
04 Jan 2024, 20:03:08 UTC
Previous filing
03 Mar 2023
Next filing
21 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNR Common Shares - Restricted Stock Units Award $0 +4,230 +70% $0.000000 10,239 02 Jan 2024 Direct F1, F2, F3
transaction PNR Common Shares Tax liability $50,459 -739 -11% $68.28 5,975 03 Jan 2024 Direct F2, F3, F4, F5
holding PNR Common Shares - ESOP 193 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 +12,398 $0.000000 12,398 02 Jan 2024 Common Shares 12,398 $70.92 Direct F6, F7
* 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 Employee stock option granted under the Pentair plc 2020 Share and Incentive Plan.
F7 One-third of the stock options become exercisable on the first, second and third anniversary of the grant.