Lepage Kenneth Robert 4

What Happened
Kenneth R. Lepage, General Counsel of Watts Water Technologies (WTS), had a total of 1,402 shares disposed on March 16, 2026 to satisfy tax-withholding obligations tied to vested deferred stock/RSU awards. The shares were reported disposed at $297.80 per share for an aggregate value of $417,515. These dispositions were mandatory withholdings to cover taxes and were not discretionary sales.

Key Details

• Transaction date: 2026-03-16; reported on Form 4 filed 2026-03-18 (timely filing).
• Share lots and values:
  • 268 shares @ $297.80 = $79,810 (F1)
  • 273 shares @ $297.80 = $81,299 (F2)
  • 861 shares @ $297.80 = $256,406 (F3)
  • Total: 1,402 shares = $417,515
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1/F2 = shares withheld to cover taxes on deferred stock awards granted 3/14/2025 and 3/14/2024; F3 = shares withheld for taxes on RSUs purchased under the Management Stock Purchase Plan (MSPP) on 3/15/2023. All withholding was required by grant/plan terms and not discretionary.
• Transaction code F denotes tax withholding (not a voluntary open-market sale).

Context
These transactions are routine administrative withholdings that occur when restricted stock or RSUs vest; they generally do not signal an insider's view of the company's prospects. For derivative transactions: this was not an exercise-plus-sale for profit but mandatory share withholding to satisfy tax obligations.