Pagano Robert J Jr 4

What Happened

• Robert J. Pagano Jr., President and CEO of Watts Water Technologies, had performance stock units vest on Feb 9, 2026, resulting in the issuance of 18,032 shares (awarded at $0.00). To satisfy tax withholding on the vesting, 8,724 shares were surrendered/disposed at an implicit value of $319.76 per share, totaling approximately $2,789,586. This was not an open‑market sale but a required tax withholding under the grant terms.

Key Details

• Transaction date: 2026-02-09 (reported on Form 4 filed 2026-02-11).
• Award/acquisition: 18,032 shares issued on vesting (code A) at $0.00.
• Tax withholding/disposition: 8,724 shares withheld (code F) at $319.76 each, ~ $2,789,586.
• Footnotes: Vesting relates to performance stock units granted Mar 13, 2023 (F1). The share disposition was to cover tax withholding required by the grant agreement and was not a discretionary sale (F2).
• Shares owned after transaction: not specified in the provided filing data.
• Filing timeliness: Form 4 was filed two days after the transaction date, consistent with typical timely reporting.

Context

• This was a vesting of performance stock units, not a market purchase or voluntary sale. The shares surrendered were to meet tax withholding obligations (a common, non‑discretionary practice) rather than an indication of insider selling for investment reasons.