President & CEO Stauch John L exercised 47,506 shares at a strike of $44.43 and covered exercise/tax liability with 35,121 shares, increasing direct ownership by 81% to 27,710 units (SEC Form 4)
$PNR
Industrial Machinery/Components
Industrials
| 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 |
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| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
PENTAIR plc [ PNR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/29/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Shares | 07/29/2024 | M | 46,012 | A | $44.43 | 61,336.6038(1) | D | |||
| Common Shares | 07/29/2024 | F(2) | 34,372 | D | $88.51 | 26,964.6038(1) | D | |||
| Common Shares | 07/29/2024 | M | 1,494 | A | $44.43 | 28,458.6038(1) | D | |||
| Common Shares | 07/29/2024 | F(2) | 749 | D | $88.675 | 27,709.6038(1) | D | |||
| Common Shares - Deferral Plan | 390,995.029(4)(5) | I | Plan Agent | |||||||
| Common Shares - Restricted Stock Units | 53,692.15(4) | D | ||||||||
| Common Shares - ESOP | 933.427(4) | I | Plan Agent | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option (right to buy) | $44.43 | 07/29/2024 | M | 46,012 | (3) | 01/02/2025 | Common Shares | 46,012 | $0 | 0 | D | ||||
| Employee Stock Option (right to buy) | $44.43 | 07/29/2024 | M | 1,494 | (3) | 01/02/2025 | Common Shares | 1,494 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. End-of-period holdings include monthly purchases under the ESPP in exempt transactions pursuant to Rule 16b-3(c). |
| 2. Shares surrendered to pay exercise price and taxes applicable to option exercise. |
| 3. This option is presently exercisable in full. |
| 4. End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a). |
| 5. Pentair plc shares will be delivered to the reporting person in accordance with their irrevocable deferral election. |
| /s/ John K. Wilson, Attorney-in-Fact for John L. Stauch | 07/31/2024 | |
| ** 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. | ||