Robert J. Pagano Jr - Mar 13, 2023 Form 4 Insider Report for WATTS WATER TECHNOLOGIES INC (WTS)

Role
President and CEO
Signature
/s/ Seth M. Kipp, Attorney-in-Fact
Stock symbol
WTS
Transactions as of
Mar 13, 2023
Transactions value $
-$1,133,277
Form type
4
Date filed
3/14/2023, 02:41 PM
Previous filing
Feb 8, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTS Class A Common Stock Award $0 +12.1K +6.79% $0.00 190K Mar 13, 2023 Direct F1
transaction WTS Class A Common Stock Tax liability -$433K -2.65K -1.39% $163.32 188K Mar 13, 2023 Direct F2
transaction WTS Class A Common Stock Tax liability -$700K -4.29K -2.28% $163.32 183K Mar 13, 2023 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 disposed to cover taxes upon the vesting of a deferred stock award granted to the Reporting Person on March 12, 2021. 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.
F3 Represents the number of shares required to be withheld to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs) purchased by the Reporting Person under the Issuer's Management Stock Purchase Plan (MSPP) on March 13, 2020. The Reporting Person previously reported the total number of shares subject to vesting of the RSUs in Table I of a Form 4 filed in connection with the original purchase of the RSUs. The withholding of shares to cover tax withholding obligations is mandated by the terms of the Issuer's MSPP and does not represent a discretionary transaction by the Reporting Person.