O'Shea Christopher 4
Research Summary
AI-generated summary
ITT Director Christopher O'Shea Receives RSU Award; 297 Shares Withheld
What Happened
- Christopher O'Shea, a director of ITT Inc., had 297 shares withheld on May 20, 2026 to satisfy the tax liability from RSU vesting (Disposition code F): 297 shares × $192.18 = $57,077. On May 21, 2026 he was granted 909 restricted stock units (Award code A) (acquisition reported at $0 since these are RSUs).
Key Details
- Transactions: May 20, 2026 — 297 shares withheld at $192.18 (total $57,077) to cover taxes (F). May 21, 2026 — grant of 909 RSUs (A), reported at $0 acquisition price.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — withholding reflects shares surrendered to pay tax liability from RSU vesting; the number withheld was based on the average of the high/low stock price on May 20, 2026. F2 — the 909 RSUs are scheduled to vest on the business day immediately prior to the ITT 2027 Annual Meeting.
- Filing timeliness: Form 4 filed May 22, 2026 (the day after the May 21 report date), indicating a timely report.
Context
- The 297-share disposition was a tax-withholding event (code F), a routine administrative sale to cover taxes, not an open-market sale indicating a trading decision.
- The 909 RSUs are an equity award (not immediately transferable shares) and will convert to common stock only upon vesting per the plan and schedule noted in the footnote.