Adrian C. Chiu - 03 Jan 2023 Form 4 Insider Report for PENTAIR plc (PNR)

Role
EVP & Pres., Water Solutions
Signature
/s/ John K. Wilson, Attorney-in-Fact for Adrian C. Chiu
Issuer symbol
PNR
Transactions as of
03 Jan 2023
Net transactions value
-$4,520
Form type
4
Filing time
04 Jan 2023, 18:59:56 UTC
Previous filing
06 Dec 2022
Next filing
22 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNR Common Shares Tax liability $4,520 -100 -2.1% $45.20 4,577 03 Jan 2023 Direct F1, F2
transaction PNR Common Shares - Restricted Stock Units Award $0 +6,084 +70% $0.000000 14,824 03 Jan 2023 Direct F2, F3
holding PNR Common Shares - Deferral Plan 442 03 Jan 2023 Plan Agent F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PNR Employee Stock Option (right to buy) Award $0 +20,534 $0.000000 20,534 03 Jan 2023 Common Shares 20,534 $45.20 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares surrendered to pay taxes applicable to vesting of restricted stock units.
F2 End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
F3 Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair plc 2020 Share and Incentive Plan. Each restricted stock unit represents a right to receive one Pentair plc share upon vesting.
F4 Pentair plc shares will be delivered to the reporting person in accordance with their irrevocable deferral election.
F5 Employee stock option granted under the Pentair plc 2020 Share and Incentive Plan.
F6 One-third of the stock options become exercisable on the first, second and third anniversary of the grant.