Halloran Virginia A 4
Research Summary
AI-generated summary
WATTS (WTS) Chief Accounting Officer Receives Award, Sells Shares
What Happened
Virginia A. Halloran, Chief Accounting Officer of Watts Water Technologies (WTS), received 432 shares on Feb 9, 2026 as the result of vested performance stock units (PSUs). On the same date, 206 of those shares were disposed (withheld) to satisfy tax withholding obligations at $319.76 per share, totaling about $65,871. The award shares were issued at $0 cost to the reporting person (compensation vesting).
Key Details
- Transaction date: 2026-02-09 (reported on Form 4 filed 2026-02-11). Filing appears timely.
- Award: 432 shares issued (code A) at $0.00 — vesting of PSUs granted March 13, 2023.
- Tax withholding: 206 shares disposed (code F) at $319.76 per share, proceeds ≈ $65,871 — shares withheld to cover taxes.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes: F1 confirms the shares came from PSU vesting (grant date Mar 13, 2023). F2 clarifies the 206-share disposition was required to cover tax withholding per the grant agreement and was not a discretionary sale.
Context: This was a compensation-related vesting event, not an open-market purchase or a discretionary sale. The withholding disposition is a routine, mandatory step to satisfy taxes when equity awards vest and does not necessarily signal insider sentiment about the company's stock.