DELGROSSO DOUGLAS G 4
Research Summary
AI-generated summary
ITT Director Douglas Delgrosso Receives 909 RSU Award
What Happened
- Douglas G. Delgrosso, a director of ITT Inc. (ITT), received an award of 909 restricted stock units (RSUs) on 2026-05-21. The grant was reported on a Form 4 filed 2026-05-26.
- The award is reported as an "A" (award/grant) transaction at $0.00 per share (no purchase price). The filing shows the award amount as 909 RSUs; the filing does not report a current dollar value or post-transaction share total.
Key Details
- Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filing appears timely).
- Transaction type/code: A — Award/Grant of restricted stock units (RSUs).
- Shares/units granted: 909 RSUs; reported acquisition price: $0.00.
- Vesting: Per footnote F1, all 909 RSUs are scheduled to vest on the business day immediately prior to ITT’s 2027 Annual Meeting of Shareholders.
- Shares owned after transaction: Not specified in the filing.
- No tax-withholding or sale reported in this Form 4.
Context
- RSUs are a form of equity compensation: they represent a promise to deliver shares (or cash equivalent) upon vesting and do not involve an immediate cash purchase or sale by the insider. This grant is compensation-related rather than an open-market purchase or sale.
- Because this is an award (not a purchase), it should be read as part of executive/director compensation disclosures rather than a direct bullish or bearish trading signal.