Watts Water (WTS) Director Joseph Noonan Receives Stock Award

What Happened

• Joseph T. Noonan, a director of Watts Water Technologies, received an award of 456 shares on August 3, 2026. The Form 4 reports the acquisition as an award (code A) at an acquisition price of $0.00. A footnote explains the award is the annual non‑employee director grant and the number of shares is set by dividing $160,000 by the closing stock price on the grant date (so the grant’s dollar value is approximately $160,000).

Key Details

• Transaction date: 2026-08-03; Filing date: 2026-08-04 (filed one day later, appears timely).
• Reported transaction type/code: A (award/grant); reported acquisition price: $0.00.
• Shares acquired: 456 shares; implied grant value per issuer’s plan: ~$160,000 (based on footnote).
• Shares owned after transaction: not specified in the filing.
• Footnote: annual grant to non‑employee directors; shares awarded by dividing $160,000 by the grant-date closing price.

Context

• This is a routine director compensation award for a non-employee director, not a market purchase or sale; such awards are standard and generally reflect board compensation rather than a personal buy/sell decision.