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Xylem Inc.·4

Mar 3, 4:56 PM ET

McGann Michael J. 4

Research Summary

AI-generated summary

Updated

Xylem (XYL) EVP Michael McGann Receives Awards; Shares Withheld

What Happened

  • Michael J. McGann, EVP & President, MCS of Xylem Inc. (XYL), reported multiple awards and vestings on March 1–2, 2026. The filing shows vested performance-based shares and an award of derivatives/RSUs: total reported acquisitions equal 12,529 shares (valued at about $1.41M using $128.98/share). Separately, 2,796 shares were withheld/disposed to cover tax liabilities (totaling about $360,629).
  • Specific items in the filing include vesting of performance stock units (PSUs) and ESG PSUs (1,966; 1,622; 1,103; 489 shares at $128.98 each), an RSU award (1,610 shares at $0 value on grant), and a derivative award of 5,739 units valued at $128.98 each ($740,216). Withholdings to cover taxes were 2,073; 213; and 510 shares (each valued at $128.98).

Key Details

  • Transaction dates and prices:
    • 2026-03-01: Vesting/awards — 1,966 @ $128.98 ($253,575); 1,622 @ $128.98 ($209,206); 1,103 @ $128.98 ($142,265); 489 @ $128.98 ($63,071); 5,739 derivative units @ $128.98 ($740,216).
    • 2026-03-02: Award of 1,610 RSUs at $0.00 (scheduled to vest in future); withholding to pay taxes — 2,073 @ $128.98 ($267,376); 213 @ $128.98 ($27,473); 510 @ $128.98 ($65,780).
  • Aggregate reported: ~12,529 shares acquired (including derivative award), $1.41M total value (using $128.98/share); 2,796 shares withheld ($360,629). Net increase ~9,733 shares.
  • Shares owned after the transaction: not disclosed in the filing.
  • Notable footnotes:
    • Vestings reflect achievement of performance criteria (TSR, Adjusted EBITDA, Revenue, ESG) for grants made in 2021 and 2023.
    • The 5,739-unit award is a non‑qualified stock option/derivative scheduled to vest in thirds (Mar 1 of 2027–2029).
    • Withheld shares (code F) were used to satisfy tax obligations on vesting.
  • Filing timeliness: Form 4 was filed March 3, 2026 (transactions dated Mar 1–2); this appears within the standard two-business-day reporting window.

Context

  • These transactions are primarily award vestings and new grants (A = Award/Grant). The withholding (F) entries are routine tax-withholding actions tied to vesting, not open‑market sales. The derivative award is a grant of options/units that vest over future years (not an immediate sale or cash exercise). Such awards are compensation-related and do not by themselves signal immediate insider buying/selling intent.