secwatch.observer — SEC 8-K summary
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Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000216228-24-000086
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000021622824000086/0000216228-24-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000021622824000086/itt-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000216228-24-000086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer