---
schema_version: "secwatch.filing_event.v1"
accession: "0000216228-24-000086"
form_type: "8-K"
ticker: "ITT"
cik: "0000216228"
company_name: "ITT INC."
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:43:13.524588+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ITT Inc. adopts $7M CEO Retention Plan for Luca Savi with performance-based annual grants through 2029

## Summary
- Initial RSU grant of $7M; additional annual performance-earned RSUs from 2025-2029 valued up to $7M based on performance payout threshold.
- Vesting: later of Dec 31, 2028 and first anniversary for 2024-2028 grants; 2029 grant vests one year post-grant.
- CEO Luca Savi's tenure since 2019: 230% TSR vs S&P 500 153%, market cap from $4B to $12B, adjusted EPS grew 61%.
- Retention plan reflects investor feedback and committee's confidence in Savi's leadership.

## SEC filing metadata
- accession: 0000216228-24-000086
- form_type: 8-K
- ticker: ITT
- cik: 0000216228
- company_name: ITT INC.
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/216228/000021622824000086/0000216228-24-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/216228/000021622824000086/itt-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000216228-24-000086
- JSON: https://secwatch.observer/filing/0000216228-24-000086.json
- Plain text: https://secwatch.observer/filing/0000216228-24-000086.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.