Carlo Ghirardo - 04 Mar 2022 Form 4 Insider Report for ITT Inc. (ITT)

Role
SVP & President, Motion Technologies
Signature
/s/ Mary Elizabeth Gustafsson, General Counsel of ITT Inc., by Power of Attorney for Carlo Ghirardo
Issuer symbol
ITT
Transactions as of
04 Mar 2022
Net transactions value
-$314,280
Form type
4
Filing time
08 Mar 2022, 16:06:53 UTC
Next filing
07 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITT Common Stock Award $0 +5,425 +42% $0.000000 18,381 04 Mar 2022 Direct F1, F2
transaction ITT Common Stock Tax liability $208,677 -2,557 -14% $81.61 15,824 04 Mar 2022 Direct F2, F3
transaction ITT Common Stock Tax liability $105,603 -1,294 -8.2% $81.61 14,530 04 Mar 2022 Direct F2, F4
transaction ITT Common Stock Award $0 +2,005 +14% $0.000000 16,535 04 Mar 2022 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired upon the settlement of performance units granted on March 4, 2019 under the ITT Inc. 2011 Omnibus Incentive Plan (the "Plan") as a result of the satisfaction of the performance criteria underlying the award.
F2 Includes 30 shares under a dividend reinvestment plan.
F3 Reflects the withholding of shares of common stock to pay the tax liability incident to the settlement of performance units on March 4, 2022, as described in footnote (1) above. The number of shares withheld was determined on March 4, 2022 based on the average of the high/low price of the issuer's common stock on March 4, 2022.
F4 Reflects the withholding of shares of common stock to pay the tax liability incident to the vesting on March 4, 2022 of restricted stock units granted under the Plan. The number of shares withheld was determined on March 4, 2022 based on the average of the high/low price of the issuer's common stock on March 4, 2022.
F5 Reflects an award of restricted stock units, all of which are scheduled to vest on March 4, 2025.

Remarks:

SVP & President, Motion Technologies