ITT (NYSE: ITT) VP & CAO receives stock awards, uses shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ITT Inc. vice president and CAO Cheryl de Mesa Graziano reported equity awards and related tax withholding in common stock. She received two stock grants totaling 1,620 shares on March 4, 2026 under the company’s incentive plan, at a stated price of $0 per share.
To cover taxes on previously granted restricted stock units that vested on March 4, 2026, 326 shares were withheld at $197.75 per share. After these transactions, she directly owned 8,059 shares of ITT common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
de Mesa Graziano Cheryl
Role
Vice President & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 860 | $0.00 | -- |
| Grant/Award | Common Stock | 760 | $0.00 | -- |
| Tax Withholding | Common Stock | 326 | $197.75 | $64K |
Holdings After Transaction:
Common Stock — 7,625 shares (Direct)
Footnotes (1)
- Reflects an award of restricted stock units under the ITT Inc. 2011 Omnibus Incentive Plan (the "Plan"), which are scheduled to vest ratably on each of March 4, 2027; March 4, 2028; and March 4, 2029. Reflects the withholding of shares of common stock to pay the tax liability incident to the vesting on March 4, 2026 of 531 restricted stock units granted under the Plan on March 3, 2024 and 507 restricted stock units granted under the Plan on March 4, 2025. The number of shares withheld was determined on March 4, 2026 based on the average of the high/low price of the issuer's common stock on March 4, 2026.
FAQ
What did ITT (ITT) executive Cheryl de Mesa Graziano report in this Form 4?
Cheryl de Mesa Graziano reported equity awards and tax-related share withholding. She received 1,620 ITT common shares through stock grants and had 326 shares withheld to satisfy tax obligations tied to previously granted restricted stock units that vested on March 4, 2026.
What incentive plan governs the reported ITT (ITT) stock awards?
The reported stock awards were granted under the ITT Inc. 2011 Omnibus Incentive Plan. The filing notes these restricted stock unit awards are scheduled to vest ratably on March 4, 2027, March 4, 2028, and March 4, 2029, subject to the plan’s terms and conditions.
Were the ITT (ITT) stock acquisitions open-market purchases by the executive?
No, the acquisitions were grant or award transactions, not open-market purchases. The Form 4 uses transaction code “A” for these awards, indicating they were equity grants under the company’s incentive plan with a stated price of $0.00 per share.