MCDONALD REBECCA ANN 4/A
Research Summary
AI-generated summary
ITT Director Rebecca McDonald Receives 935-Share Award
What Happened
Rebecca Ann McDonald, a director of ITT Inc. (ITT), was granted 935 restricted stock units (an award) on May 21, 2026. The award reports an acquisition at $0.00 per share (no cash purchase); the filing lists the grant as 935 shares and reports the resulting beneficial ownership was corrected in this amended Form 4. The amendment notes the original Form 4 filed May 26, 2026 underreported the number of RSUs awarded.
Key Details
- Transaction type: Award/Grant (Form 4 code A).
- Transaction date: May 21, 2026; reported via amended Form 4 filed June 3, 2026 (accession 0001185110-26-000005).
- Shares awarded: 935 restricted stock units; acquisition price reported $0.00 (award, not an open-market purchase).
- Footnote: The amendment corrects an underreported RSU amount from the original May 26 filing.
- Beneficial ownership note: The filing states the total shares beneficially owned following the award was updated; that total includes 627.870 shares held under a dividend reinvestment plan.
- No indication in this filing that shares were sold or that options were exercised.
Context
- This was a grant of RSUs (compensation/award), not a cash purchase or sale — RSUs typically vest over time and may be taxable when they vest/are settled.
- Awards and other compensation-related grants are routine for directors and do not by themselves indicate a buy/sell market signal.
- The amended filing corrects the reported award size; retail investors tracking insider activity should note the correction but avoid inferring intent beyond the administrative update.