Melhem Elie 4
4 · WATTS WATER TECHNOLOGIES INC · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Watts Water (WTS) President Melhem Elie Sells Shares
What Happened Melhem Elie, President — APAC, Middle East & Africa of Watts Water Technologies (WTS), disposed of a total of 4,116 shares in mid‑March 2026. On 2026-03-17 he sold 3,029 shares in an open‑market transaction at $303.05 per share for proceeds of $917,938. On 2026-03-16 a total of 1,087 shares were withheld/disposed at $297.80 per share to satisfy tax withholding obligations related to prior awards (proceeds ≈ $323,708). Combined proceeds for the reported transactions are about $1.24 million. The withholding transactions were mandated under award terms and are not discretionary; the open‑market sale was effected under a Rule 10b5‑1 plan.
Key Details
- Transaction dates and prices:
- 2026-03-16: 219 shares @ $297.80 (F) — $65,218
- 2026-03-16: 223 shares @ $297.80 (F) — $66,409
- 2026-03-16: 645 shares @ $297.80 (F) — $192,081
- 2026-03-17: 3,029 shares @ $303.05 (S, open market) — $917,938
- Total shares disposed: 4,116; total proceeds ≈ $1,241,646.
- Shares owned after the transactions: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1–F3: 1,087 shares were withheld to cover tax withholding upon vesting of deferred stock/RSUs (non‑discretionary per award/MSPP terms).
- F4: The 3,029‑share sale was executed under a Rule 10b5‑1 trading plan adopted by the reporting person on 2025-09-10.
- Filing/timeliness: Form 4 filed 2026-03-18 covering transactions on 2026-03-16 and 2026-03-17 — within the typical two‑business‑day filing window.
Context The March 16 dispositions were tax‑withholding actions tied to vesting of previously granted awards (i.e., not voluntary market trades). The March 17 sale was a scheduled open‑market sale under a pre‑arranged 10b5‑1 plan, which often indicates pre‑planned liquidation rather than a spontaneous view on the stock. There were no reported purchases in this filing.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-03-16$297.80/sh−219$65,218→ 15,868 total - Tax Payment
Class A Common Stock
[F2]2026-03-16$297.80/sh−223$66,409→ 15,645 total - Tax Payment
Class A Common Stock
[F3]2026-03-16$297.80/sh−645$192,081→ 15,000 total - Sale
Class A Common Stock
[F4]2026-03-17$303.05/sh−3,029$917,938→ 11,971 total
Footnotes (4)
- [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.
- [F4]This sale of Class A Common Stock was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 10, 2025.