DEFOSSET DON 4/A
Research Summary
AI-generated summary
ITT Director Don Defosset Receives Restricted Stock Award
What Happened Don Defosset, a director of ITT Inc. (ITT), was granted 935 restricted stock units (RSUs) on May 21, 2026. The award was reported as an acquisition (award/grant) at $0.00 per share (total cash paid = $0). This is a compensation-style grant rather than an open‑market purchase or sale.
Key Details
- Transaction date: May 21, 2026; transaction type: Award/Grant (code A).
- Shares acquired: 935 RSUs; reported acquisition price: $0.00; cash paid: $0.
- Filing: Amended Form 4 filed June 3, 2026 to correct the number of RSUs originally reported (original Form 4 filed May 26, 2026 inadvertently underreported the award).
- Shares owned after transaction: Not explicitly stated in the summary filing text provided here; the amendment says it corrects the resulting total beneficial ownership.
- Footnote: Includes 725 shares held under a dividend reinvestment plan (per footnote).
Context RSU grants to directors are common as non-cash compensation and do not necessarily indicate a near-term trading decision. The amended filing corrects the award count; investors should note the correction but avoid assuming intent from typical director compensation grants.