ITT (NYSE: ITT) CEO Luca Savi disposes of 68,026 shares in open-market sales

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

ITT Inc. President and CEO Luca Savi reported open-market sales of 68,026 shares of ITT common stock in early August. The transactions occurred on August 7 and 8 at weighted average prices around the mid-$160s per share, executed in multiple trades within disclosed price ranges.

After these sales, Savi directly held 265,895 shares of ITT common stock, which includes 398 shares acquired under the ITT Inc. 2023 Employee Stock Purchase Plan. A footnote explains that the sales are being made to facilitate his purchase of a new personal residence near ITT Inc.'s headquarters, and that he terminated a previously disclosed Rule 10b5-1 trading arrangement adopted for the same purpose before executing these transactions.

Insights

ITT's CEO executed sizable open-market share sales for personal reasons.

The filing shows Luca Savi, ITT's President and CEO, sold 68,026 shares of common stock over two days through open-market transactions in the mid-$160s per share. Following these sales, he continues to hold 265,895 shares directly.

A key detail is the stated purpose: the sales are to fund a new personal residence near ITT's headquarters. The disclosure also notes that Savi terminated a previously disclosed Rule 10b5-1 trading plan that had been adopted for the same objective before carrying out these discretionary sales.

For investors, this represents a meaningful insider sale by the chief executive, but with an explicitly personal rationale rather than a company-related signal. The ultimate significance depends on how this activity compares with his overall equity exposure and any future insider trading patterns disclosed in subsequent filings.

Insider Trade Summary

Net Seller: 68,026 shares ($11,230,964)

Net Sell 4 txns

Insider Savi Luca

Role President and CEO

Sold 68,026 shs ($11.23M)

Type	Security	Shares	Price	Value
Sale	Common Stock	31,520	$165.478	$5.22M
Sale	Common Stock	121	$166.5205	$20K
Sale	Common Stock	29,436	$164.6451	$4.85M
Sale	Common Stock	6,949	$165.2692	$1.15M

Holdings After Transaction: Common Stock — 266,016 shares (Direct)

Footnotes (1)

Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $163.97 to a high of $164.9550 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth with respect to this transaction and all sale transactions reported in this Form 4 as described in footnotes 3-5. Includes 398 shares of Common Stock acquired under the ITT Inc. 2023 Employee Stock Purchase Plan. Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $164.97 to a high of $165.6950 per share, inclusive. Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $165.09 to a high of $166.05 per share, inclusive Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $166.18 to a high of $166.8150 per share, inclusive. The sales are being made to facilitate the Reporting Person's purchase of a new personal residence near ITT Inc.'s headquarters. Prior to executing the reported transactions, the Reporting Person terminated a previously disclosed Rule 10b5-1 trading arrangement that he had adopted for the same purpose.

Form 4 Insider Transactions: What Each Field Means →

08/11/2025 - 04:24 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Savi Luca

(Last)

(First)

(Middle)

C/O ITT INC. 100 WASHINGTON BLVD

6TH FLOOR

(Street)

STAMFORD

06902

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ITT INC. [ ITT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/07/2025		S		29,436	D	$164.6451⁽¹⁾	304,485⁽²⁾	D⁽⁶⁾
Common Stock	08/07/2025		S		6,949	D	$165.2692⁽³⁾	297,536	D⁽⁶⁾
Common Stock	08/08/2025		S		31,520	D	$165.478⁽⁴⁾	266,016	D⁽⁶⁾
Common Stock	08/08/2025		S		121	D	$166.5205⁽⁵⁾	265,895	D⁽⁶⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $163.97 to a high of $164.9550 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth with respect to this transaction and all sale transactions reported in this Form 4 as described in footnotes 3-5.

2. Includes 398 shares of Common Stock acquired under the ITT Inc. 2023 Employee Stock Purchase Plan.

3. Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $164.97 to a high of $165.6950 per share, inclusive.

4. Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $165.09 to a high of $166.05 per share, inclusive

5. Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $166.18 to a high of $166.8150 per share, inclusive.

6. The sales are being made to facilitate the Reporting Person's purchase of a new personal residence near ITT Inc.'s headquarters. Prior to executing the reported transactions, the Reporting Person terminated a previously disclosed Rule 10b5-1 trading arrangement that he had adopted for the same purpose.

	/s/ Tymour Okasha, Assistant Secretary for ITT Inc.; by Power of Attorney for Luca Savi	08/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ITT (ITT) disclose for CEO Luca Savi?

ITT disclosed that President and CEO Luca Savi sold 68,026 shares of ITT common stock in open-market transactions. The sales took place over two days and were reported as standard open-market sales under the SEC’s Form 4 insider transaction reporting rules.

How many ITT (ITT) shares does CEO Luca Savi hold after the reported sales?

After the reported transactions, CEO Luca Savi directly holds 265,895 shares of ITT common stock. This total includes 398 shares acquired through the ITT Inc. 2023 Employee Stock Purchase Plan, as specifically noted in the Form 4 footnotes.

Over what dates did ITT (ITT) CEO Luca Savi sell his shares?

Luca Savi’s reported ITT share sales occurred on August 7 and August 8. On each date, multiple trades were executed at different prices, with the Form 4 reporting weighted average sale prices and price ranges for each group of transactions.

At what prices were ITT (ITT) shares sold by CEO Luca Savi?

The Form 4 reports weighted average sale prices in the mid-$160s per share, with trades executed in ranges. The disclosed ranges span from lows around $163.97–$166.18 per share to highs around $164.9550–$166.8150 per share across the different transaction groupings.

Why did ITT (ITT) CEO Luca Savi sell 68,026 shares of company stock?

A footnote explains that Luca Savi sold the shares to help fund the purchase of a new personal residence near ITT Inc.’s headquarters. The disclosure frames the sales as driven by personal financial needs rather than company-specific strategic or operational considerations.

What does the Form 4 say about Luca Savi’s prior Rule 10b5-1 plan with ITT (ITT)?

The filing states that before executing the reported stock sales, Luca Savi terminated a previously disclosed Rule 10b5-1 trading arrangement. That prior plan had been adopted for the same purpose of funding his planned purchase of a new personal residence.