WATTS WATER TECHNOLOGIES INC·4

Mar 18, 3:06 PM ET

Dhawan Andre 4

4 · WATTS WATER TECHNOLOGIES INC · Filed Mar 18, 2026

Research Summary

AI-generated summary of this filing

Updated

Watts Water (WTS) COO Andre Dhawan Sells 745 Shares to Cover Taxes

What Happened

  • Andre Dhawan, Chief Operating Officer of Watts Water Technologies (WTS), had a total of 745 shares disposed on March 16, 2026 to cover tax withholding obligations tied to vested deferred stock awards. The sales were: 369 shares at $297.80 ($109,888) and 376 shares at $297.80 ($111,973), for combined proceeds of approximately $221,861.
  • This was not a market-driven sale for investment reasons but a routine disposition to satisfy tax withholding (code F).

Key Details

  • Transaction dates and prices: March 16, 2026 — 369 shares @ $297.80 and 376 shares @ $297.80.
  • Total shares disposed: 745; total proceeds: ~$221,861.
  • Shares owned after transaction: not reported in the provided filing details.
  • Footnotes: F1 and F2 state these disposals were required to cover taxes on deferred stock awards granted March 14, 2025 and March 14, 2024, respectively; the transactions were not discretionary.
  • Filing: Form 4 filed March 18, 2026 (within the typical two-business-day reporting window).

Context

  • These transactions reflect tax-withholding sell-to-cover activity tied to vesting awards, a common administrative action that does not by itself indicate confidence or concern about the company’s outlook.
  • Transaction code F denotes tax withholding; no options exercise, gift, or 10b5-1 plan is indicated in the provided details.

Insider Transaction Report

Form 4
Period: 2026-03-16
Dhawan Andre
Chief Operating Officer
Transactions
  • Tax Payment

    Class A Common Stock

    [F1]
    2026-03-16$297.80/sh369$109,88812,150 total
  • Tax Payment

    Class A Common Stock

    [F2]
    2026-03-16$297.80/sh376$111,97311,774 total
Footnotes (2)
  • [F1]Represents shares disposed to cover taxes upon the vesting of a deferred stock award granted to the Reporting Person on March 14, 2025. The disposition of shares to cover tax withholding obligations is required by the terms of the Reporting Person's grant agreement and does not represent a discretionary transaction by the Reporting Person.
  • [F2]Represents shares disposed to cover taxes upon the vesting of a deferred stock award granted to the Reporting Person on March 14, 2024. The disposition of shares to cover tax withholding obligations is required by the terms of the Reporting Person's grant agreement and does not represent a discretionary transaction by the Reporting Person.
Signature
/s/ Nicholas A. Denice, Attorney-in-Fact|2026-03-18

Documents

1 file
  • 4
    doc4.xmlPrimary