Watts Water Technologies Management

Management criteria checks 3/4

Watts Water Technologies' CEO is Bob Pagano, appointed in May 2014, has a tenure of 9.75 years. total yearly compensation is $7.08M, comprised of 14.1% salary and 85.9% bonuses, including company stock and options. directly owns 0.56% of the company’s shares, worth MX$700.39M. The average tenure of the management team and the board of directors is 8 years and 8.3 years respectively.

Key information

Bob Pagano

Chief executive officer

US$7.1m

Total compensation

CEO salary percentage	14.1%
CEO tenure	9.8yrs
CEO ownership	0.6%
Management average tenure	8yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bob Pagano's remuneration changed compared to Watts Water Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$262m
Sep 24 2023	n/a	n/a	US$275m
Jun 25 2023	n/a	n/a	US$268m
Mar 26 2023	n/a	n/a	US$262m
Dec 31 2022	US$7m	US$1m	US$252m
Sep 25 2022	n/a	n/a	US$223m
Jun 26 2022	n/a	n/a	US$211m
Mar 27 2022	n/a	n/a	US$179m
Dec 31 2021	US$7m	US$964k	US$166m
Sep 26 2021	n/a	n/a	US$155m
Jun 27 2021	n/a	n/a	US$141m
Mar 28 2021	n/a	n/a	US$124m
Dec 31 2020	US$5m	US$834k	US$114m
Sep 27 2020	n/a	n/a	US$117m
Jun 28 2020	n/a	n/a	US$116m
Mar 29 2020	n/a	n/a	US$133m
Dec 31 2019	US$6m	US$923k	US$132m
Sep 29 2019	n/a	n/a	US$132m
Jun 30 2019	n/a	n/a	US$131m
Mar 31 2019	n/a	n/a	US$131m
Dec 31 2018	US$6m	US$885k	US$128m
Sep 30 2018	n/a	n/a	US$93m
Jul 01 2018	n/a	n/a	US$88m
Apr 01 2018	n/a	n/a	US$80m
Dec 31 2017	US$5m	US$824k	US$73m

Compensation vs Market: Bob's total compensation ($USD7.08M) is above average for companies of similar size in the MX market ($USD2.69M).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.

CEO

Bob Pagano (60 yo)

9.8yrs

Tenure

US$7,076,495

Compensation

Mr. Robert J. Pagano, Jr., also known as Bob, has been the Chief Executive Officer and President of Watts Water Technologies, Inc. since May 27, 2014 and has been its Chairman since February 07, 2022 and s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Pagano	Chairman	9.8yrs	US$7.08m	0.56% $ 700.4m
Shashank Patel	Chief Financial Officer	5.6yrs	US$1.94m	0.065% $ 80.5m
Andre Dhawan	Chief Operating Officer	1.5yrs	US$1.73m	0.019% $ 23.7m
Kenneth Lepage	General Counsel	15.5yrs	US$1.76m	0.063% $ 77.6m
Elie Melhem	President of Asia-Pacific	8yrs	US$1.92m	0.048% $ 59.8m
Virginia Halloran	Chief Accounting Officer	8.1yrs	no data	0.049% $ 60.2m
Diane McClintock	Senior Vice President of FP&A and Investor Relations	no data	no data	no data
Ram Ramakrishnan	Executive Vice President of Strategy & Business Development	10.3yrs	no data	no data
Monica Barry	Chief Human Resources Officer	2.3yrs	no data	0.0056% $ 6.9m
James Dagley	President of Heating & Hot Water Solutions	no data	no data	no data
Timothy MacPhee	VP of Investor Relations & Treasurer	no data	no data	no data

8.0yrs

Average Tenure

57.5yo

Average Age

Experienced Management: WTS *'s management team is seasoned and experienced (8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Pagano	Chairman	9.8yrs	US$7.08m	0.56% $ 700.4m
Louise Goeser	Non-Employee Independent Director	5.9yrs	US$221.84k	0.021% $ 26.0m
Merilee Raines	Non-Employee Independent Director	13yrs	US$241.84k	0.060% $ 74.5m
W. Kissel	Lead Independent Director	12.3yrs	US$275.59k	0.056% $ 70.1m
Christopher Conway	Non-Employee Independent Director	8.7yrs	US$236.84k	0.015% $ 19.1m
David Dunbar	Non-Employee Independent Director	7yrs	US$221.84k	0.026% $ 32.0m
Joseph Reitmeier	Non-Employee Independent Director	8yrs	US$221.84k	0.012% $ 14.4m
Joseph Noonan	Non-Employee Director	10.8yrs	US$221.84k	0.046% $ 57.4m
Michael Dubose	Non-Employee Independent Director	3.2yrs	US$221.84k	0.0082% $ 10.1m
Rebecca Boll	Director	no data	no data	no data

8.3yrs

Average Tenure

67yo

Average Age

Experienced Board: WTS *'s board of directors are considered experienced (8.3 years average tenure).

Watts Water Technologies Management

Management criteria checks 3/4

Key information

Recent management updates

Watts Water Technologies, Inc. Elects Kenneth Napolitano to Its Board of Directors

Watts Water Technologies, Inc., Annual General Meeting, May 22, 2024

Watts Water Technologies, Inc. Elects Rebecca Boll to Its Board of Directors

Insufficient new directors

Insufficient new directors

Insufficient new directors

Recent updates

Watts Water Technologies, Inc. to Report Q1, 2024 Results on May 08, 2024

Watts Water Technologies, Inc. Elects Kenneth Napolitano to Its Board of Directors

Watts Water Technologies, Inc., Annual General Meeting, May 22, 2024

Watts Water Technologies, Inc. Elects Rebecca Boll to Its Board of Directors

Watts Water Technologies, Inc. to Report Q4, 2023 Results on Feb 13, 2024

Watts Water Technologies, Inc. (NYSE:WTS) entered into a definitive agreement to acquire Josam Company.

Upcoming dividend of US$0.36 per share at 0.7% yield

Insufficient new directors

Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on December 15, 2023

Watts Water Technologies, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Watts Water Technologies, Inc. (NYSE:WTS) entered into a definitive agreement to acquire Bradley Corporation for approximately $300 million.

Second quarter 2023 earnings released: EPS: US$2.27 (vs US$2.08 in 2Q 2022)

Insufficient new directors

Watts Water Technologies, Inc. Revises Earnings Guidance for the Year 2023

Watts Water Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Insufficient new directors

Full year 2022 earnings released: EPS: US$7.51 (vs US$4.90 in FY 2021)

Watts Water Technologies, Inc., Annual General Meeting, May 17, 2023

Watts Water Technologies, Inc. Declares Quarterly Dividend on Class A and Class B Common Stocks, Payable on March 15, 2023

Watts Water Technologies, Inc. to Report Q4, 2022 Results on Feb 08, 2023

Third quarter 2022 earnings released

Watts Water Technologies, Inc. Provides Earnings Guidance for the Full Year 2022

Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on December 15, 2022

Watts Water Technologies, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Watts Water Technologies, Inc. Provides Revenue Guidance for 2022

Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on September 15, 2022

Watts Water Technologies, Inc. Announces Executive Changes

Now 22% undervalued

Watts Water Technologies, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Watts Water Technologies, Inc.(NYSE:WTS) dropped from Russell 2000 Value Index

Now 22% undervalued

Upcoming dividend of US$0.30 per share

President of Asia-Pacific recently sold Mex$10.0m worth of stock

First quarter 2022 earnings released: EPS: US$1.63 (vs US$1.23 in 1Q 2021)

Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on June 15, 2022

Watts Water Technologies, Inc. to Report Q1, 2022 Results on May 03, 2022

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age