Pine Matthew Francis 4

What Happened

• Matthew Pine, President & CEO and a director of Xylem (XYL), received a package of stock awards and vested performance-based units in filings dated March 1–2, 2026. Total shares acquired = 88,157 (combining vested PSUs/RSUs and a derivative option award). The filing also shows 8,090 shares were withheld/disposed to cover tax liabilities.
• Major items reported: four performance-based vestings on March 1 totaling 14,666 shares (values shown at $128.98 per share for those items, totaling ~$1.9M combined); an award of 16,105 RSU-type shares (no cash value listed) on March 2; and a derivative award of 57,386 shares priced at $128.98 (reported value ~$7,401,646). Tax-withholding disposals on March 2 totaled 8,090 shares (proceeds/value shown as $1,043,448).

Key Details

• Transaction dates & prices:
  • 2026-03-01: Vesting of PSUs — 5,243 @ $128.98 ($676,242), 4,328 @ $128.98 ($558,225), 2,943 @ $128.98 ($379,588), 2,152 @ $128.98 ($277,565).
  • 2026-03-02: RSU-type acquisition — 16,105 @ $0.00 (no cash shown).
  • 2026-03-02: Derivative award (options) — 57,386 @ $128.98 (reported value $7,401,646).
  • 2026-03-02: Tax withholding (disposals) — 4,927 @ $128.98 ($635,484), 847 @ $128.98 ($109,246), 2,316 @ $128.98 ($298,718); total withheld = 8,090 shares ($1,043,448).
• Shares acquired total: 88,157. Shares withheld for taxes: 8,090.
• Footnotes/notes of interest:
  • Several items were performance-based stock units that vested upon achieving metrics (TSR, Adjusted EBITDA, Revenue, ESG) (F1, F3–F5).
  • Some awards are RSUs scheduled to vest in one-third increments (F6) and the large derivative award reflects non‑qualified stock options that vest in thirds on Mar 1 of 2027–2029 (F10).
  • Withholding of shares to satisfy tax liabilities is noted for the vested awards (F7–F9). Dividend reinvestment increased some share counts (F2).
• Shares owned after the transactions are not specified in the summary excerpt of the filing.
• No 10b5‑1 plan or late filing indication is noted in the provided filing details.

Context

• These are primarily awards/vestings (code A) and tax-withholding disposals (code F), not open-market purchases or discretionary sales — common executive compensation events rather than immediate market bets.
• The 57,386-share item is an option award (derivative) that will vest over future years per the footnote; it does not represent immediately sold shares or cash proceeds. Withholding of shares to cover taxes is routine when awards vest.