Dhawan Andre 4

What Happened

• Andre Dhawan, Chief Operating Officer of Watts Water Technologies (WTS), was granted 1,856 deferred shares on March 13, 2026 (acquired at $0.00). On the same date, 106 shares were disposed at $297.80 each to satisfy tax withholding obligations, generating proceeds of $31,567. The disposal was to cover taxes and was not a discretionary sale.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (timely).
• Grant: 1,856 deferred shares, $0.00 per share (award).
• Tax withholding sale: 106 shares disposed at $297.80 each = $31,567.
• Shares owned after transaction: not specified in this filing.
• Footnotes:
  • F1: The award consists of deferred stock that vests in three equal annual installments beginning on the first anniversary of the grant.
  • F2: The 106-share disposition was to cover taxes upon vesting of the deferred stock award granted March 13, 2023; the withholding sale is required by the grant agreement and was not a discretionary transaction.
• Remark indicates a power of attorney was used to submit the filing (powerofattorneydhawan.txt).

Context

• This was primarily a compensation-related award (not an open-market purchase). The small share disposition was a routine, required withholding to satisfy tax obligations on vesting rather than an independent sale signaling sentiment. The deferred shares will vest over time per the award terms.