Kenneth Robert Lepage - Mar 15, 2022 Form 4 Insider Report for WATTS WATER TECHNOLOGIES INC (WTS)

Role
General Counsel
Signature
/s/ Seth M. Kipp, Attorney-in-Fact
Stock symbol
WTS
Transactions as of
Mar 15, 2022
Transactions value $
$171,441
Form type
4
Date filed
3/17/2022, 10:02 AM
Previous filing
Mar 16, 2022
Next filing
Aug 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTS Class A Common Stock Award $0 +2.32K +8.69% $0.00 29K Mar 15, 2022 Direct F1
transaction WTS Class A Common Stock Award $251K +2.18K +7.54% $115.14 31.1K Mar 15, 2022 Direct F2
transaction WTS Class A Common Stock Tax liability -$80K -548 -1.76% $146.03 30.6K Mar 16, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of shares of deferred stock that vest in three equal annual installments beginning on the first anniversary of the date of grant.
F2 Represents shares subject to restricted stock units purchased by the Reporting Person under the Issuer's Management Stock Purchase Plan at a discount of 20% from the closing sale price of the Issuer's Class A Common Stock on March 15, 2022. The restricted stock units were purchased using a portion of the Reporting Person's pre-tax 2021 performance bonus. The restricted stock units vest in three equal annual installments beginning one year after the date of grant.
F3 Represents shares disposed to cover taxes upon the vesting of a deferred stock award granted to the Reporting Person on March 16, 2020. The disposition of shares to cover tax withholding obligations is required by the terms of the Reporting Person's grant agreement and does not represent a discretionary transaction by the Reporting Person.