Rolchigo Philip M. 4

What Happened

• Philip M. Rolchigo, EVP & Chief Technology Officer of PENTAIR plc (PNR), exercised 6,493 stock options (paying $32.75 per share, $212,646 total) and then sold the 6,493 shares in an open-market sale at $103.22 per share for $670,207 on Feb 25, 2026. The net proceeds before taxes/fees were roughly $457,561. The filings show the option exercise/conversion and the subsequent sale on the same day (a cashless exercise followed by an immediate sale).

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-27 (appears timely).
• Option exercise: 6,493 shares acquired at $32.75 each = $212,646 (Form 4 code M).
• Sale: 6,493 shares sold at $103.22 each = $670,207 (Form 4 code S).
• Derivative conversion entry: 6,493 shares reported as converted/disposed at $0.00 (Form 4 code M) consistent with the exercise/conversion process.
• Shares owned after transaction: not disclosed in the data provided.
• Footnotes: Transaction was executed under a Rule 10b5-1 trading plan adopted Aug 4, 2025 (F1). The option was fully exercisable at the time of exercise (F2).

Context

• This is a routine option exercise immediately followed by an open-market sale (cashless exercise), a common way executives monetize option gains. The presence of a 10b5-1 plan means the sale was pre-arranged for financial planning purposes; such plans are intended to reduce timing concerns but do not indicate the insider’s real-time view on the stock.