Dhawan Andre 4

What Happened

• Andre Dhawan, Chief Operating Officer of Watts Water Technologies (WTS), had a total of 745 shares disposed on March 16, 2026 to cover tax withholding obligations tied to vested deferred stock awards. The sales were: 369 shares at $297.80 ($109,888) and 376 shares at $297.80 ($111,973), for combined proceeds of approximately $221,861.
• This was not a market-driven sale for investment reasons but a routine disposition to satisfy tax withholding (code F).

Key Details

• Transaction dates and prices: March 16, 2026 — 369 shares @ $297.80 and 376 shares @ $297.80.
• Total shares disposed: 745; total proceeds: ~$221,861.
• Shares owned after transaction: not reported in the provided filing details.
• Footnotes: F1 and F2 state these disposals were required to cover taxes on deferred stock awards granted March 14, 2025 and March 14, 2024, respectively; the transactions were not discretionary.
• Filing: Form 4 filed March 18, 2026 (within the typical two-business-day reporting window).

Context

• These transactions reflect tax-withholding sell-to-cover activity tied to vesting awards, a common administrative action that does not by itself indicate confidence or concern about the company’s outlook.
• Transaction code F denotes tax withholding; no options exercise, gift, or 10b5-1 plan is indicated in the provided details.