WTS Director Joseph T. Noonan Converts and Gifts 3,650 Shares

What Happened

• Joseph T. Noonan, a director of Watts Water Technologies (WTS), reported a conversion of 3,650 derivative shares and a subsequent gift of 3,650 shares on August 20, 2026. The transactions show $0.00 per share (no cash exchanged). The filing records both the conversion (derivative-to-common) and the gift; a separate conversion entry for 3,650 shares is listed as a disposition in the filing.

Key Details

• Transaction date: 2026-08-20. Report filed: 2026-08-21 (timely).
• Price: $0.00 per share; total cash consideration: $0.
• Shares involved: 3,650 shares converted and 3,650 shares gifted.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes:
  • F1/F3: Class B common shares are convertible into Class A on a 1-for-1 basis; no expiration on conversion rights.
  • F2: The gifted shares are held in a trust for the benefit of Tiffany Horne Noonan (the reporting person’s spouse), who is co-trustee.
  • F4–F6: Other shares referenced are held in trusts for the reporting person’s daughters, for which he serves as trustee.

Context

• The filing reflects a conversion of convertible (Class B) shares into Class A common stock and an intra-family gift — not an open-market sale or purchase. Gifts are generally administrative or estate-planning transactions and do not necessarily signal insider sentiment about the company.