Robert J. Pagano Jr - Mar 15, 2024 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 15, 2024
Transactions value $
-$197,850
Form type
4
Date filed
3/18/2024, 03:23 PM
Previous filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTS Class A Common Stock Award $1.02M +6.22K +3.17% $163.23 203K Mar 15, 2024 Direct F1
transaction WTS Class A Common Stock Tax liability -$473K -2.32K -1.14% $204.04 200K Mar 15, 2024 Direct F2
transaction WTS Class A Common Stock Tax liability -$741K -3.63K -1.81% $204.04 197K Mar 15, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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, 2024. The restricted stock units were purchased using a portion of the Reporting Person's pre-tax 2023 performance bonus. The restricted stock units vest in three equal annual installments beginning one year after 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 15, 2022. 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 15, 2021. 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.