Director Don DeFosset updates ITT (NYSE: ITT) Form 4 with corrected 935-share grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
DEFOSSET DON reported acquisition or exercise transactions in this Form 4 filing.
ITT INC. director Don DeFosset corrected a previously reported equity award, confirming receipt of 935 shares of common stock on May 21, 2026 as a grant with no cash paid per share. This amendment updates the number of restricted stock units awarded and the total shares he beneficially owns.
After this correction, DeFosset beneficially owns 23,782.678 shares of ITT common stock, including 725 shares accumulated through a dividend reinvestment plan. The filing reflects a routine compensation-related grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DEFOSSET DON
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 935 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 23,782.678 shares (Direct, null)
Footnotes (1)
- The original Form 4 filed by the Reporting Person on May 26, 2026 inadvertantly underreported the number of restricted stock units that were awarded on May 21, 2026, as described in the original Form 4. The amount reported herein corrects the number of restricted stock units that were awarded on May 21, 2026 and the resulting total number of shares beneficially owned by the Reporting Person following such transaction. Includes 725 shares under a dividend reinvestment plan.
Key Figures
Equity grant: 935 shares
Total beneficial ownership: 23,782.678 shares
Dividend reinvestment plan shares: 725 shares
+1 more
4 metrics
Equity grant
935 shares
Grant of common stock on May 21, 2026
Total beneficial ownership
23,782.678 shares
Shares beneficially owned following the corrected grant
Dividend reinvestment plan shares
725 shares
Portion of total holdings under dividend reinvestment plan
Grant price per share
$0.0000 per share
Reported price for the 935-share equity award
Key Terms
restricted stock units, dividend reinvestment plan, beneficially owned, Form 4
4 terms
restricted stock units financial
"underreported the number of restricted stock units that were awarded on May 21, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend reinvestment plan financial
"Includes 725 shares under a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
beneficially owned financial
"the resulting total number of shares beneficially owned by the Reporting Person following such transaction."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Form 4 regulatory
"The original Form 4 filed by the Reporting Person on May 26, 2026 inadvertantly underreported"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.