Lepage Kenneth Robert 4
4 · WATTS WATER TECHNOLOGIES INC · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Watts Water (WTS) General Counsel Kenneth Lepage Sells 1,402 Shares
What Happened
Kenneth R. Lepage, General Counsel of Watts Water Technologies (WTS), had a total of 1,402 shares disposed on March 16, 2026 to satisfy tax-withholding obligations tied to vested deferred stock/RSU awards. The shares were reported disposed at $297.80 per share for an aggregate value of $417,515. These dispositions were mandatory withholdings to cover taxes and were not discretionary sales.
Key Details
- Transaction date: 2026-03-16; reported on Form 4 filed 2026-03-18 (timely filing).
- Share lots and values:
- 268 shares @ $297.80 = $79,810 (F1)
- 273 shares @ $297.80 = $81,299 (F2)
- 861 shares @ $297.80 = $256,406 (F3)
- Total: 1,402 shares = $417,515
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1/F2 = shares withheld to cover taxes on deferred stock awards granted 3/14/2025 and 3/14/2024; F3 = shares withheld for taxes on RSUs purchased under the Management Stock Purchase Plan (MSPP) on 3/15/2023. All withholding was required by grant/plan terms and not discretionary.
- Transaction code F denotes tax withholding (not a voluntary open-market sale).
Context
These transactions are routine administrative withholdings that occur when restricted stock or RSUs vest; they generally do not signal an insider's view of the company's prospects. For derivative transactions: this was not an exercise-plus-sale for profit but mandatory share withholding to satisfy tax obligations.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-03-16$297.80/sh−268$79,810→ 13,009 total - Tax Payment
Class A Common Stock
[F2]2026-03-16$297.80/sh−273$81,299→ 12,736 total - Tax Payment
Class A Common Stock
[F3]2026-03-16$297.80/sh−861$256,406→ 11,875 total
Footnotes (3)
- [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.
- [F3]Represents the number of shares required to be withheld to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs) purchased by the Reporting Person under the Issuer's Management Stock Purchase Plan (MSPP) on March 15, 2023. The Reporting Person previously reported the total number of shares subject to vesting of the RSUs in Table I of a Form 4 filed in connection with the original purchase of the RSUs. The withholding of shares to cover tax withholding obligations is mandated by the terms of the Issuer's MSPP and does not represent a discretionary transaction by the Reporting Person.