Savinelli Michael 4
Research Summary
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ITT (ITT) Interim CFO Michael Savinelli Receives RSU Award
What Happened
- Michael Savinelli, Vice President and Interim Chief Financial Officer (also Treasurer, Chief Tax Officer & Assistant Secretary) of ITT Inc., was granted 1,460 restricted stock units (RSUs) on May 8, 2026. The Form 4 reports an acquisition at $0.00 (no cash paid at grant), total reported value $0.
Key Details
- Transaction date: 2026-05-08; Form 4 filed: 2026-05-12 (filed within applicable reporting window).
- Transaction type: Award/Grant (Code A) of 1,460 RSUs; reported acquisition price $0.00.
- Vesting: RSUs scheduled to vest ratably on May 8, 2027, May 8, 2028, and May 8, 2029 (per filing footnote under the ITT Inc. 2011 Omnibus Incentive Plan).
- Shares owned after transaction: not disclosed in this filing.
- Remarks: Savinelli’s titles are Vice President, Interim CFO, Treasurer, Chief Tax Officer & Assistant Secretary.
Context
- This was a standard equity compensation award (RSUs), not an open-market purchase or sale. RSUs represent the right to receive shares (or their cash value) upon vesting, so they do not immediately increase tradable shares. Such grants are common as part of executive compensation and should not be read as an immediate market signal.