Shashank Patel - 15 Mar 2024 Form 4 Insider Report for WATTS WATER TECHNOLOGIES INC (WTS)

Signature
/s/ Seth M. Kipp, Attorney-in-Fact
Issuer symbol
WTS
Transactions as of
15 Mar 2024
Net transactions value
-$283,820
Form type
4
Filing time
18 Mar 2024, 15:23:42 UTC
Previous filing
14 Mar 2024
Next filing
23 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTS Class A Common Stock Tax liability $91,002 -446 -1.9% $204.04 22,657 15 Mar 2024 Direct F1
transaction WTS Class A Common Stock Tax liability $192,818 -945 -4.2% $204.04 21,712 15 Mar 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.