Congdon Jennifer 4
4 · WATTS WATER TECHNOLOGIES INC · Filed Mar 17, 2020
Insider Transaction Report
Form 4
Congdon Jennifer
Chief HR Officer
Transactions
- Award
Class A Common Stock
2020-03-13$85.72/sh+333$28,545→ 15,206 total - Tax Payment
Class A Common Stock
2020-03-16$73.62/sh−321$23,632→ 17,642 total - Award
Class A Common Stock
2020-03-16+2,757→ 17,963 total
Footnotes (3)
- [F1]Represents shares subject to restricted stock units purchased by the Reporting Person under the Issuer's Management Stock Purchase Plan at a discount of 20% from the closing sale price of the Issuer's Class A Common Stock on February 13, 2020. The restricted stock units were purchased using a portion of the Reporting Person's pre-tax 2019 performance bonus. The restricted stock units vest in three equal annual installments beginning one year after the date of grant.
- [F2]Consists of shares of deferred stock that vest in three equal annual installments beginning on the first anniversary of the date of grant.
- [F3]Represents shares disposed to cover taxes upon the vesting of a restricted stock award granted to the Reporting Person on March 16, 2018. The disposition of shares to cover tax withholding obligations is required by the terms of the Reporting Person's grant agreement and does not represent a discretionary transaction by the Reporting Person.