Marino Lori B. 4
Research Summary
AI-generated summary
ITT (ITT) Lori B. Marino, Chief Legal Officer, Sells Shares
What Happened
Lori B. Marino — Senior Vice President, Chief Legal Officer, Chief Compliance Officer and Secretary of ITT Inc. — sold a total of 7,123 common shares in multiple open-market transactions on May 8, 2026, generating approximately $1,483,527 in proceeds. The reported tranches were:
- 2,417 shares @ $207.10 = $500,552 (weighted avg.; see F1 for price range)
- 1,987 shares @ $208.02 = $413,332 (F2)
- 2,107 shares @ $208.95 = $440,265 (F3)
- 68 shares @ $211.00 = $14,348 (F4)
- 544 shares @ $211.45 = $115,030 (F5)
These were sales (transaction code “S”), which are typically routine dispositions rather than purchases (purchases are often considered a stronger signal of insider confidence).
Key Details
- Transaction date: May 8, 2026; Form 4 filed May 12, 2026 (filed within the normal two-business-day window — timely).
- Aggregate proceeds: ~$1,483,527 for 7,123 shares.
- Reported prices are weighted averages; footnotes F1–F5 give the ranges of execution prices for each tranche (e.g., F1: $206.64–$207.47; F5: $211.43–$211.465). The reporting person has offered to provide a full per-price breakdown on request.
- Footnote F6 notes that 214 shares referenced in the filing were acquired under the ITT 2023 Employee Stock Purchase Plan (ESPP).
- Shares owned after the transactions are not specified in the provided Form 4 excerpt.
- Remarks list Marino’s titles: Senior VP, Chief Legal Officer, Chief Compliance Officer and Secretary.
Context
- These were open-market sales (not option exercises or awards). Sales by executives can reflect routine portfolio management or tax/liquidity needs and do not by themselves indicate company performance or insider sentiment.
- The filing appears timely (transaction 5/8; filed 5/12). If you want the exact number of shares sold at each specific price within the reported ranges, the filing footnotes state the reporting person will provide that breakdown upon request to the company, a security holder, or the SEC staff.