Caprais Emmanuel 4/A
4/A · ITT INC. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
ITT CFO Emmanuel Caprais Withholds 11,278 Shares for Taxes
What Happened
Emmanuel Caprais, Senior Vice President and Chief Financial Officer of ITT Inc., had a total of 11,278 shares withheld to satisfy tax liabilities related to equity settlements on March 3, 2026. The withholding occurred in two parts: 7,994 shares at $190.39 each (value $1,521,978) and 3,284 shares at $190.39 each (value $625,241), for a combined value of approximately $2,147,219. This was a tax-withholding disposition (code F), a routine administrative action rather than an open-market sale.
Key Details
- Transaction date: March 3, 2026. Price per share reported: $190.39.
- Shares withheld/Disposed: 7,994 and 3,284 (total 11,278). Total value ≈ $2.15M.
- Report type: Amended Form 4 filed March 11, 2026; original Form 4 was filed March 5, 2026. The amendment corrects overreported withheld share counts. (Footnotes F1–F3 explain corrections.)
- Shares owned after the transactions: not specified in this amendment; footnote F3 indicates the amendment corrects the reported total beneficial ownership.
- Transaction code: F (shares withheld to satisfy tax withholding on settlement/vesting), not an open-market sale (routine tax withholding).
Context
These withholdings arose from the settlement of performance units and the vesting of restricted stock units (per the filing footnotes). Withholding shares to cover taxes is common and typically administrative—it's not the same as the insider selling shares on the open market. The amendment simply corrects the originally reported withholding amounts and resulting ownership figures.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-03$190.39/sh−7,994$1,521,978→ 45,717 total - Tax Payment
Common Stock
[F2]2026-03-03$190.39/sh−3,284$625,241→ 42,433 total
- 45,168
Common Stock
[F3]
Footnotes (3)
- [F1]The original Form 4 filed by the Reporting Person on March 5, 2026 inadvertently overreported the number of shares of common stock that were withheld for tax withholding to pay the tax liability incident to the settlement of performance units on March 3, 2026, as described in the original Form 4. The amount reported herein corrects the number of shares that were withheld on March 3, 2026 with respect to such settlement.
- [F2]The original Form 4 filed by the Reporting Person on March 5, 2026 inadvertently overreported the number of shares of common stock that were withheld for tax withholding to pay the tax liability incident to the vesting on March 3, 2026 of restricted stock units granted on March 3, 2023, as described in the original Form 4. The amount reported herein corrects the number of shares that were withheld on March 3, 2026 with respect to such vesting.
- [F3]The amount reported herein corrects the resulting total number of shares beneficially owned by the Reporting Person following all transactions reported in the original Form 4, as corrected by this amendment.