Chu Maggie 4
Research Summary
AI-generated summary
ITT Director Maggie Chu Receives 909-Unit RSU Award
What Happened
- Maggie Chu, a director of ITT Inc. (ITT), received an award of 909 restricted stock units (RSUs) on May 21, 2026. The Form 4 reports the acquisition price as $0 and a reported transaction value of $0 (code A — award/grant).
Key Details
- Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (five days after the transaction).
- Award: 909 RSUs; reported price: $0; reported dollar amount: $0.
- Vesting: All RSUs are scheduled to vest on the business day immediately prior to the ITT 2027 Annual Meeting of Shareholders (footnote F1).
- Shares owned after transaction: not disclosed in the provided filing.
- Filing timeliness: The Form 4 was filed five days after the grant; Form 4s are typically due within two business days, so this filing appears delayed.
Context
- This was an equity award (RSUs), not an open-market purchase or sale. RSUs represent the right to receive shares in the future if vesting conditions are met and do not require an outlay of cash at grant.
- Awards to directors are common as compensation and do not by themselves indicate how the insider personally views the stock.