DEFOSSET DON 4
Research Summary
AI-generated summary
ITT Director Don Defosset Receives 909-Share Award
What Happened
Don Defosset, a director of ITT Inc. (ITT), received an award of 909 restricted stock units (RSUs) on May 21, 2026. The grant is recorded at $0.00 per unit (standard for RSU awards) and will convert to shares only upon vesting. This is an award/grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed five days after the transaction).
- Grant: 909 RSUs; reported price $0.00 (award).
- Vesting: All units are scheduled to vest on the business day immediately prior to the ITT 2027 Annual Meeting of Shareholders (per footnote).
- Ownership note: Filing footnote indicates inclusion of 725 shares held under a dividend reinvestment plan. The filing excerpt provided does not state total beneficial shares owned after this grant.
- Filing timing: The Form 4 was filed several days after the transaction date (may be later than the typical 2-business-day Form 4 requirement).
Context
RSU awards are a form of compensation for directors and do not represent immediately tradable shares until they vest and are settled. Such grants are common for board compensation and are informational rather than a direct market sentiment signal.