Lepage Kenneth Robert 4

What Happened

• Kenneth R. Lepage, General Counsel of Watts Water Technologies (WTS), received a deferred stock award of 1,297 shares on March 13, 2026 (reported as an award/acquisition at $0.00). On the same date, 304 shares were disposed (sold) to satisfy tax withholding obligations at $297.80 per share, generating about $90,531 in proceeds. The sale was a withholding action tied to the vesting, not an independent open-market sale.

Key Details

• Transaction date: March 13, 2026 (filed with the SEC on March 17, 2026).
• Award: 1,297 deferred shares granted (value reported as $0.00 at grant).
• Disposition for tax withholding: 304 shares at $297.80 per share — proceeds ≈ $90,531.
• Shares owned after transaction: not specified in the filing.
• Footnotes: (F1) The award consists of deferred stock that vests in three equal annual installments beginning one year after grant. (F2) The 304-share disposition was to cover taxes upon vesting of a deferred award granted March 13, 2023 and was required by the grant agreement (not a discretionary sale).
• Filing timing: Reported March 17, 2026 for a March 13, 2026 transaction (check the Form 4 for official timeliness status).

Context

• This was primarily a vesting event: deferred shares vested and standard withholding was executed to cover taxes. Such tax-withholding dispositions are routine and required by grant agreements and generally do not indicate the insider’s discretionary decision to sell.
• The award vests over three years (per footnote), so additional vesting and related withholding could occur on future anniversaries.