Pagano Robert J Jr 4

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.