Dhawan Andre 4

What Happened

• Andre Dhawan, Chief Operating Officer of Watts Water Technologies (WTS), received 1,059 shares on February 9, 2026 as the vesting of performance stock units (reported as an award/acquisition). Simultaneously, 329 shares were disposed (code F) to satisfy tax withholding obligations at a reported per-share value of $319.76, yielding $105,201.
• The award is non-cash (listed at $0.00 acquisition price on the Form 4) because it represents vested performance stock units rather than an open‑market purchase. The share disposal was not an open-market sale for profit but a required tax-withholding action under the grant agreement.

Key Details

• Transaction date: February 9, 2026; Form filed February 11, 2026 (timely filing).
• Award/acquisition: 1,059 shares (code A) — reported acquisition price $0.00 (vesting of PSU grant from March 13, 2023).
• Tax withholding/disposition: 329 shares (code F) disposed at $319.76 per share for $105,201 (to cover taxes).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes: F1 confirms these shares resulted from the March 13, 2023 PSU grant vesting; F2 notes the 329-share disposition was to satisfy withholding required by the grant agreement (non‑discretionary).

Context

• This was a vesting of performance stock units and a corresponding tax-withholding surrender, not a voluntary open-market sale or a cash purchase. Such withholding dispositions are routine and do not necessarily signal an insider’s view on the company’s stock.