Pagano Robert J Jr 4
4 · WATTS WATER TECHNOLOGIES INC · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Watts Water (WTS) CEO Robert Pagano Sells Shares
What Happened Robert J. Pagano Jr., President and CEO of Watts Water Technologies (WTS), had a total of 7,788 shares disposed on March 16, 2026 at $297.80 per share to satisfy tax withholding obligations. The three dispositions were: 2,061 shares ($613,766), 2,151 shares ($640,568), and 3,576 shares ($1,064,933), totaling $2,319,267. These were withholding/disposition transactions to cover taxes, not discretionary open‑market sales.
Key Details
- Transaction date: March 16, 2026; Filing date: March 18, 2026 (Form 4 accession 0001225208-26-003788) — appears timely.
- Price: $297.80 per share for all three dispositions.
- Total shares disposed: 7,788; Total value: $2,319,267.
- Footnotes:
- F1 = shares withheld for taxes on a deferred stock award granted March 14, 2024.
- F2 = shares withheld for taxes on a deferred stock award granted March 14, 2025.
- F3 = shares withheld for taxes on RSUs purchased under the Management Stock Purchase Plan on March 15, 2023.
- These withholdings are required by the grant/MSPP terms and are not discretionary transactions by the reporting person.
- Shares owned after the transactions: not reported in the provided filing details.
Context These transactions were tax-withholding dispositions tied to vesting events (deferred awards and RSUs) and are typically administrative (cashless) in nature. Such withholding sales are common and do not necessarily indicate the insider is reducing a position for investment reasons.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-03-16$297.80/sh−2,061$613,766→ 205,480 total - Tax Payment
Class A Common Stock
[F2]2026-03-16$297.80/sh−2,151$640,568→ 203,329 total - Tax Payment
Class A Common Stock
[F3]2026-03-16$297.80/sh−3,576$1,064,933→ 199,753 total
Footnotes (3)
- [F1]Represents shares disposed to cover taxes upon the vesting of a deferred stock award granted to the Reporting Person on March 14, 2024. The disposition of shares to cover tax withholding obligations is required by the terms of the Reporting Person's grant agreement and does not represent a discretionary transaction by the Reporting Person.
- [F2]Represents shares disposed to cover taxes upon the vesting of a deferred stock award granted to the Reporting Person on March 14, 2025. The disposition of shares to cover tax withholding obligations is required by the terms of the Reporting Person's grant agreement and does not represent a discretionary transaction by the Reporting Person.
- [F3]Represents the number of shares required to be withheld to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs) purchased by the Reporting Person under the Issuer's Management Stock Purchase Plan (MSPP) on March 15, 2023. The Reporting Person previously reported the total number of shares subject to vesting of the RSUs in Table I of a Form 4 filed in connection with the original purchase of the RSUs. The withholding of shares to cover tax withholding obligations is mandated by the terms of the Issuer's MSPP and does not represent a discretionary transaction by the Reporting Person.