Pentair (PNR) EVP surrenders shares to cover RSU tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PENTAIR plc executive Heather M. Hausmann, EVP, CIO and CISO, reported a tax-related share transaction. On the reported date, 213 Common Shares were disposed of at $97.57 per share to cover taxes due on the vesting of restricted stock units, as noted in a footnote. After this withholding, she directly held 1,752 Common Shares. A separate line shows end-of-period holdings of 10,612.674 Common Shares in the form of restricted stock units, reflecting units that vested and had been previously reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hausmann Heather M.
Role
EVP, CIO and CISO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 213 | $97.57 | $21K |
| holding | Common Shares - Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Shares — 1,752 shares (Direct);
Common Shares - Restricted Stock Units — 10,612.674 shares (Direct)
Footnotes (1)
- Shares surrendered to pay taxes applicable to vesting of restricted stock units. End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
FAQ
What insider transaction did Pentair (PNR) report for Heather M. Hausmann?
Pentair reported that EVP, CIO and CISO Heather M. Hausmann disposed of 213 Common Shares at $97.57 per share. A footnote explains these shares were surrendered to pay taxes on the vesting of restricted stock units.
Was the Pentair (PNR) insider transaction an open-market sale?
The transaction was not described as an open-market sale. The Form 4 shows a code F, and a footnote states the 213 shares were surrendered to pay taxes on restricted stock unit vesting.
What does the Form 4 say about Heather M. Hausmann’s Pentair (PNR) restricted stock units?
The Form 4 shows end-of-period holdings of 10,612.674 Common Shares as restricted stock units. A footnote notes these reflect the vesting of restricted stock units that were previously reported in earlier disclosures.
What is transaction code F in the Pentair (PNR) insider filing?
The filing describes transaction code F as a “Payment of exercise price or tax liability by delivering securities.” In this case, 213 shares were surrendered to cover taxes on the vesting of restricted stock units.