ITT CEO Savi Luca sells shares worth $12 million
#ITT #Savi Luca #CEO #stock sale #insider trading #regulatory filing #executive compensation
📌 Key Takeaways
- ITT CEO Savi Luca sold shares worth $12 million
- The sale was disclosed in a recent regulatory filing
- Such transactions are common for executives but can signal confidence levels
- Investors often monitor insider sales for insights into company outlook
🏷️ Themes
Corporate Governance, Financial Markets
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Chief executive officer
Highest-ranking officer of an organization
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, nonprofit organizatio...
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Trump replaces Homeland Security chief Kristi Noem Oil extends weekly gains as Iran conflict rages on, with crude surging around 18% Wall Street ends lower on escalating Iran conflict, report of AI export curbs Trump says he must be involved in selecting Iran’s next leader (South Africa Philippines Nigeria) ITT CEO Savi Luca sells shares worth $12 million By Insider Trading Published 03/05/2026, 09:13 PM ITT CEO Savi Luca sells shares worth $12 million 0 ITT -3.57% Savi Luca, the President and CEO of ITT INC (NYSE:ITT), sold 65,513 shares of the company’s common stock on March 5, 2026, for approximately $12 million. The sales were executed in multiple transactions with prices ranging from $188.981 to $193.7113 per share.The sale comes as ITT shares trade at $190.70, up nearly 40% over the past year and approaching the 52-week high of $209.69. With a market capitalization of $16.4 billion and a P/E ratio of 31.24, InvestingPro analysis indicates the stock is currently overvalued relative to its Fair Value—placing it among stocks on the Most Overvalued list. According to a Form 4 filing with the Securities and Exchange Commission, the sales were made to facilitate the Reporting Person’s purchase of a new personal residence near ITT Inc.’s headquarters. On March 3, Luca also acquired 52,878 shares of ITT INC common stock with a total value of $0. Additionally, Luca acquired 45,940 shares on March 4, 2026 with a total value of $0. These shares were obtained upon the settlement of performance units and awards of restricted stock units. Luca also disposed of 33,184 shares to cover tax liabilities for $6317901, price of $190.39. Following these transactions, Luca directly owns 262,354 shares of ITT INC. In other recent news, ITT Inc. has completed its acquisition of SPX FLOW Inc. for $4.775 billion in cash and equity. This transaction, originally announced in December 2025, integrates SPX FLOW’s operations into ITT’...
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