Pagano Robert J Jr 4

What Happened

• Robert J. Pagano Jr., President and CEO of Watts Water Technologies (WTS), was granted stock awards and purchased restricted stock units on March 13, 2026. He acquired 12,511 deferred shares (no cash price) and purchased 5,685 RSUs at $238.24 each (total value $1,354,394). On the same date, 1,857 shares were disposed (withheld) at $297.80 per share to cover tax withholding obligations, yielding $553,015. The RSU purchase price reflects a 20% discount to the closing price used for withholding.

Key Details

• Transaction date: March 13, 2026; filing date: March 17, 2026 (timely filing).
• Grants/acquisitions:
  • 12,511 deferred shares @ $0.00 (award; F1) — vest in three equal annual installments beginning one year after grant.
  • 5,685 restricted stock units purchased @ $238.24 = $1,354,394 (F2) — bought at a 20% discount using part of the reporting person’s pre-tax 2025 bonus; vest in three equal annual installments.
• Tax withholding:
  • 1,857 shares disposed @ $297.80 = $553,015 (F3) — shares were surrendered to satisfy tax withholding on prior deferred award vesting; this disposition is required by the grant agreement and not a discretionary sale.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing remarks reference a power of attorney (powerofattorneypagano.txt).

Context

• The activity combines new awards and a discounted RSU purchase (informative purchase) with an automatic, non-discretionary share surrender to cover taxes. Awards and discounted RSU purchases are acquisitions (a bullish signal in that the insider added/committed capital); the share disposition was routine tax withholding and should not be read as an active sale decision by the CEO.