ITT (NYSE: ITT) CFO amends Form 4 to fix tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
ITT INC. Senior Vice President & CFO Emmanuel Caprais filed an amended insider report to correct prior tax-withholding entries on company stock. On March 3, 2026, a total of 11,278 shares of common stock were disposed of at $190.39 per share to cover tax liabilities tied to equity compensation.
The amendment clarifies that 7,994 shares were withheld in connection with the settlement of performance units and 3,284 shares were withheld upon vesting of restricted stock units granted on March 3, 2023. After these corrections, Caprais is reported to beneficially own 45,168 shares of ITT common stock directly. These dispositions were tax-withholding events rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Caprais Emmanuel
Role
Senior Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,994 | $190.39 | $1.52M |
| Tax Withholding | Common Stock | 3,284 | $190.39 | $625K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 45,717 shares (Direct)
Footnotes (1)
- The original Form 4 filed by the Reporting Person on March 5, 2026 inadvertently overreported the number of shares of common stock that were withheld for tax withholding to pay the tax liability incident to the settlement of performance units on March 3, 2026, as described in the original Form 4. The amount reported herein corrects the number of shares that were withheld on March 3, 2026 with respect to such settlement. The original Form 4 filed by the Reporting Person on March 5, 2026 inadvertently overreported the number of shares of common stock that were withheld for tax withholding to pay the tax liability incident to the vesting on March 3, 2026 of restricted stock units granted on March 3, 2023, as described in the original Form 4. The amount reported herein corrects the number of shares that were withheld on March 3, 2026 with respect to such vesting. The amount reported herein corrects the resulting total number of shares beneficially owned by the Reporting Person following all transactions reported in the original Form 4, as corrected by this amendment.
FAQ
What did ITT (ITT) CFO Emmanuel Caprais report in this amended Form 4?
ITT CFO Emmanuel Caprais filed an amended Form 4 to correct prior tax-withholding entries. The update refines how many shares were withheld to pay taxes on performance units and restricted stock unit vesting that occurred on March 3, 2026, and adjusts his reported share ownership.
Were the ITT (ITT) transactions by the CFO open-market sales?
The transactions were not open-market sales. Both entries are coded as F, meaning shares were withheld by ITT to cover tax liabilities on equity awards. These are tax-withholding dispositions associated with compensation, not discretionary buy or sell decisions on the open market.
Why was the original ITT (ITT) Form 4 amended by the CFO?
The original Form 4 overreported the number of ITT common shares withheld for tax purposes. This amendment corrects the share counts related to performance unit settlement and restricted stock unit vesting on March 3, 2026, and updates the resulting total beneficial ownership figure accordingly.
What types of ITT (ITT) equity awards are referenced in this Form 4/A?
The amendment references two equity award events: settlement of performance units and vesting of restricted stock units granted on March 3, 2023. In both cases, ITT withheld shares on March 3, 2026, to pay the associated tax liabilities on these compensation awards.