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WATTS WATER TECHNOLOGIES INC — Director's Dealing 2024
Mar 18, 2024
30649_dirs_2024-03-18_831c4a01-309d-4d58-8491-ac08dbcee41b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: WATTS WATER TECHNOLOGIES INC (WTS)
CIK: 0000795403
Period of Report: 2024-03-15
Reporting Person: Halloran Virginia A (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-15 | Class A Common Stock | A | 273.0000 | $163.2300 | Acquired | 15091.0000 | Direct |
| 2024-03-15 | Class A Common Stock | F | 45.0000 | $204.0400 | Disposed | 15046.0000 | Direct |
| 2024-03-15 | Class A Common Stock | F | 102.0000 | $204.0400 | Disposed | 14944.0000 | Direct |
| 2024-03-15 | Class A Common Stock | S | 268.0000 | $204.3000 | Disposed | 14676.0000 | Direct |
| 2024-03-15 | Class A Common Stock | S | 463.0000 | $203.4700 | Disposed | 14213.0000 | Direct |
| 2024-03-15 | Class A Common Stock | S | 676.0000 | $201.7800 | Disposed | 13537.0000 | Direct |
Footnotes
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.
F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $204.21 to $204.73, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (4), (5) and (6) to this Form 4.
F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.85 to $203.61, inclusive.
F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.65 to $202.56, inclusive.