Chiu Adrian C 4

What Happened

• Adrian C. Chiu, EVP & President, Water Solutions at Pentair plc, exercised stock options on 2026-02-06 to acquire 2,760 shares at a strike price of $32.75 (exercise cost $90,390).
• To cover tax withholding, 1,559 of those shares were surrendered/disposed (reported at $96.87 per share, total ~$151,020). The net result: 1,201 shares issued to the reporting person (2,760 acquired - 1,559 withheld).
• This was an options exercise with share withholding for taxes (a routine sell-to-cover/tax withholding), not an open-market purchase or discretionary sale.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-10 (filed within the typical 2-business-day window).
• Option exercise: 2,760 shares @ $32.75; total exercise cost $90,390.
• Tax withholding: 1,559 shares @ $96.87; value reported $151,020.
• Derivative conversion: the underlying option was converted/exercised (reported as a derivative disposition at $0.00 reflecting conversion).
• Footnotes: end-of-period holdings include ESPP purchases and dividend reinvestment (F1, F2); shares to be delivered in accordance with the reporting person’s irrevocable deferral election (F3); the option was fully exercisable (F4).
• Shares issued to the holder (net): 1,201 shares after withholding.

Context

• This is an option exercise with sell-to-cover tax withholding (common, typically routine compensation activity). M = option exercise; F = shares withheld/used to pay taxes. These transactions show exercise and withholding activity, not an open-market directional bet by the insider.