Melhem Elie 4

What Happened Melhem Elie, President — APAC, Middle East & Africa of Watts Water Technologies (WTS), disposed of a total of 4,116 shares in mid‑March 2026. On 2026-03-17 he sold 3,029 shares in an open‑market transaction at $303.05 per share for proceeds of $917,938. On 2026-03-16 a total of 1,087 shares were withheld/disposed at $297.80 per share to satisfy tax withholding obligations related to prior awards (proceeds ≈ $323,708). Combined proceeds for the reported transactions are about $1.24 million. The withholding transactions were mandated under award terms and are not discretionary; the open‑market sale was effected under a Rule 10b5‑1 plan.

Key Details

• Transaction dates and prices:
  • 2026-03-16: 219 shares @ $297.80 (F) — $65,218
  • 2026-03-16: 223 shares @ $297.80 (F) — $66,409
  • 2026-03-16: 645 shares @ $297.80 (F) — $192,081
  • 2026-03-17: 3,029 shares @ $303.05 (S, open market) — $917,938
• Total shares disposed: 4,116; total proceeds ≈ $1,241,646.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1–F3: 1,087 shares were withheld to cover tax withholding upon vesting of deferred stock/RSUs (non‑discretionary per award/MSPP terms).
  • F4: The 3,029‑share sale was executed under a Rule 10b5‑1 trading plan adopted by the reporting person on 2025-09-10.
• Filing/timeliness: Form 4 filed 2026-03-18 covering transactions on 2026-03-16 and 2026-03-17 — within the typical two‑business‑day filing window.

Context The March 16 dispositions were tax‑withholding actions tied to vesting of previously granted awards (i.e., not voluntary market trades). The March 17 sale was a scheduled open‑market sale under a pre‑arranged 10b5‑1 plan, which often indicates pre‑planned liquidation rather than a spontaneous view on the stock. There were no reported purchases in this filing.