Lepage Kenneth Robert 4

What Happened

• Kenneth Robert Lepage, General Counsel of Watts Water Technologies (WTS), received 2,944 shares upon vesting of performance stock units and concurrently had 1,002 of those shares disposed to cover tax withholding. The disposed shares were reported at $319.76 per share for total proceeds of $320,400. The issued shares are recorded at $0 cost (vesting).

Key Details

• Transaction date: 2026-02-09; Form 4 filed: 2026-02-11 (timely under the two-business-day rule).
• Award (code A): 2,944 shares issued at $0.00 (vesting of PSUs granted March 13, 2023).
• Tax withholding (code F): 1,002 shares disposed at $319.76/share; proceeds = $320,400.
• Net shares retained from this vesting: 2,944 − 1,002 = 1,942 shares (shares owned after the transaction not separately disclosed in the provided filing).
• Footnotes: F1 confirms these shares came from PSUs granted 3/13/2023; F2 notes the 1,002-share disposition was required to satisfy tax withholding and was not a discretionary sale.

Context

• This was a vesting event with automatic tax-withholding share surrender (a common, non-discretionary practice), not an open-market investment decision. Such filings typically reflect compensation mechanics rather than an insider indicating a buy or sell opinion of the stock.