McClintock Diane M 4
Research Summary
AI-generated summary
WTS CFO Diane McClintock Withholds Shares for Taxes
What Happened Diane M. McClintock, Chief Financial Officer of WATTS WATER TECHNOLOGIES INC (WTS), had 485 shares disposed on March 16, 2026 as tax-withholdings tied to vested deferred stock awards/RSUs. The shares were withheld at $297.80 per share: 53 shares ($15,783), 69 shares ($20,548), and 363 shares ($108,101), for a total value of approximately $144,432. These were not open-market sales but mandatory withholdings under grant terms.
Key Details
- Transaction date(s): March 16, 2026; Form 4 filed March 18, 2026 (timely).
- Price per share: $297.80.
- Shares withheld/disposed: 53, 69 and 363 (total 485 shares); total value ≈ $144,432.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes: F1/F2 — withholdings to cover taxes on deferred stock awards granted March 14, 2025 and March 14, 2024; F3 — withholding for RSUs purchased under the Management Stock Purchase Plan on March 15, 2023. All withholdings are required by plan/grant terms and not discretionary trades.
- Transaction code: F (disposition to satisfy tax withholding).
Context Tax-withholding dispositions are routine administrative actions when restricted stock or RSUs vest; they do not necessarily signal insider intent to buy or sell additional shares. For investors, purchases or open-market sales by insiders tend to be more informative about sentiment than mandatory withholding events.