Timothy P. Horne Holds 5.95M Shares in Watts Water Tech

TL;DR

**Insider Timothy P. Horne still holds 5.95 million shares of Watts Water Tech, signaling strong conviction.**

AI Summary

Timothy P. Horne, a member of the Horne family group, has filed an Amendment No. 38 to his Schedule 13G, indicating his beneficial ownership of 5,953,290 shares of Watts Water Technologies Inc. Class A Common Stock as of December 31, 2023. This filing, made on February 6, 2024, shows that Horne holds sole voting power over these shares, representing a significant stake in the company. This matters to investors because it highlights a substantial, long-term ownership position by a key insider, which can signal confidence in the company's future.

Why It Matters

This filing confirms a significant ownership stake by a key insider, Timothy P. Horne, which can be interpreted as a vote of confidence in Watts Water Technologies Inc.'s long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates stable, significant insider ownership, which generally reduces investment risk by aligning management and shareholder interests.

Analyst Insight

A smart investor would view this stable, significant insider ownership as a positive signal, suggesting long-term confidence in Watts Water Technologies Inc. and potentially reducing perceived investment risk.

Key Numbers

• 5,953,290 — Shares Beneficially Owned (Represents Timothy P. Horne's sole voting power in Watts Water Technologies Inc.)
• December 31, 2023 — Date of Event (The date as of which the ownership information is reported.)
• Amendment No. 38 — Filing Amendment Number (Indicates this is a routine update to a long-standing ownership disclosure.)

Key Players & Entities

• Timothy P. Horne (person) — Reporting Person, beneficial owner of shares
• Watts Water Technologies Inc. (company) — Issuer of the securities
• Daniel W. Horne (person) — Member of the reporting group
• Deborah Horne (person) — Member of the reporting group
• Peter W. Horne (person) — Member of the reporting group
• Walter J. Flowers (person) — Member of the reporting group
• 5,953,290 shares (dollar_amount) — Number of shares beneficially owned by Timothy P. Horne

Forward-Looking Statements

• Timothy P. Horne will maintain a significant ownership stake in Watts Water Technologies Inc. for the foreseeable future. (Timothy P. Horne) — high confidence, target: 2025-12-31
• The Horne family group will continue to exert influence over Watts Water Technologies Inc. due to their collective ownership. (Horne family group) — medium confidence, target: 2025-12-31

FAQ

Filing Documents

• tm245209d1_sc13ga.htm (SC 13G/A) — 145KB
• 0001104659-24-010991.txt ( ) — 147KB

(a). Name of Issuer .*

Item 1(a). Name of Issuer .* Watts Water Technologies, Inc.

(b). Address of Issuer’s Principal Executive Offices

Item 1(b). Address of Issuer’s Principal Executive Offices . 815 Chestnut Street North Andover , MA 01845

(a). Names of Persons Filing

Item 2(a). Names of Persons Filing . Timothy P. Horne Daniel W. Horne Deborah Horne Peter W. Horne Walter J. Flowers

(b). Address of Principal Business Office or, if None, Residence

Item 2(b). Address of Principal Business Office or, if None, Residence. c/o Watts Water Technologies, Inc. 815 Chestnut Street North Andover , MA 01845

(c). Citizenship

Item 2(c). Citizenship . United States

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities . Class A Common Stock, par value $.10 per share * Unless otherwise indicated, information contained in an Item pertains to all members of the group making this filing. CUSIP No. 942749 10 2 13G Page 8

(e). CUSIP Number

Item 2(e). CUSIP Number . 942749 10 2 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a : (a) Broker or dealer registered under Section 15 of the Exchange Act; (b) Bank as defined in Section 3(a)(6) of the Exchange Act; (c) Insurance company as defined in Section 3(a)(19) of the Exchange Act; (d) Investment company registered under Section 8 of the Investment Company Act of 1940; (e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d- 1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:_____________________ Not Applicable. CUSIP No. 942749 10 2 13G Page 9

Ownership

Item 4. Ownership . Timothy P. Horne (a) Amount Beneficially Owned: Timothy P. Horne is deemed the beneficial owner of 5,953,290 shares of Class A Common Stock of the Issuer. As noted below, substantially all of Timothy P. Horne’s beneficial ownership of Class A Common Stock is derived from beneficial ownership of Class B Common Stock, par value $.10 per share, of the Issuer, which is convertible into Class A Common Stock on a share-for-share basis. Includes (i) 950,000 shares of Class B Common Stock held by a revocable trust for the benefit of Timothy P. Horne, for which Timothy P. Horne serves as sole trustee, (ii) 15,000 shares of Class A Common Stock held by a revocable trust for the benefit of Timothy P. Horne, for which Timothy P. Horne serves as sole trustee, (iii) 1,666,970 shares of Class B Common Stock held by a revocable trust for the benefit of Daniel W. Horne, Timothy P. Horne’s brother, for which Daniel W. Horne and Walter J. Flowers, a partner in the law firm of Flowers and Manning, LLP, serve as co-trustees, (iv) 1,666,970 shares of Class B Common Stock held by a revocable trust for the benefit of Deborah Horne, Timothy P. Horne’s sister, for which Timothy P. Horne serves as sole trustee, which trust is revocable with the consent of the trustee, (v) 1,495,010 shares of Class B Common Stock held by a revocable trust for the benefit of Peter W. Horne, Timothy P. Horne’s brother, for which Peter W. Horne serves as sole trustee, (vi) 22,600 shares of Class B Common Stock held for the benefit of Tiffany Horne Noonan (Timothy P. Horne’s daughter) under an irrevocable trust for which Timothy P. Horne serves as trustee, (vii) 113,924 shares of Class B Common Stock held by a revocable trust for the benefit of Tiffany Horne Noonan, for which Walter J. Flowers serves as trustee, (viii) 4,000 shares of Class B Common Stock held by a trust for the benefit of Tiffany Horne Noonan, for which Walter J. Flowers and Timothy P. Horne

Ownership

Item 4. Ownership . Daniel W. Horne (a) Amount Beneficially Owned: Daniel W. Horne is deemed the beneficial owner of 1,666,970 shares of Class A Common Stock of the Issuer. As noted below, all of Daniel W. Horne’s beneficial ownership of Class A Common Stock is derived from beneficial ownership of Class B Common Stock, par value $.10 per share, of the Issuer which is convertible into Class A Common Stock on a share-for-share basis. Daniel W. Horne’s beneficial ownership consists of 1,666,970 shares of Class B Common Stock held in a revocable trust for which Daniel W. Horne and Walter J. Flowers serve as co-trustees, all of which are subject to the 1997 Voting Trust for which Timothy P. Horne serves as sole trustee. (See Exhibit 2 for a description of the 1997 Voting Trust). (b) Percent of Class: 5.7% equity percentage 0.0% voting percentage (c) Number of shares to which such person has: (i) sole power to vote or to direct the vote 0 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 0 (iv) shared power to dispose or to direct the disposition of 1,666,970 CUSIP No. 942749 10 2 13G Page 12

Ownership

Item 4. Ownership . Deborah Horne (a) Amount Beneficially Owned: Deborah Horne is deemed the beneficial owner of 1,666,970 shares of Class A Common Stock of the Issuer. As noted below, all of Deborah Horne’s beneficial ownership of Class A Common Stock is derived from beneficial ownership of Class B Common Stock, par value $.10 per share, of the Issuer, which is convertible into Class A Common Stock on a share-for-share basis. Deborah Horne’s beneficial ownership consists of 1,666,970 shares of Class B Common Stock held in a revocable trust for which Timothy P. Horne serves as the sole trustee, all of which are Voting Trust). (b) Percent of Class: 5.7% equity percentage 0.0% voting percentage (c) Number of shares to which such person has: (i) sole power to vote or to direct the vote 0 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 0 (iv) shared power to dispose or to direct the disposition of 1,666,970 CUSIP No. 942749 10 2 13G Page 13

Ownership

Item 4. Ownership . Peter W. Horne (a) Amount Beneficially Owned: Peter W. Horne is deemed the beneficial owner of 1,529,770 shares of Class A Common Stock of the Issuer. As noted below, substantially all of Peter W. Horne’s beneficial ownership of Class A Common Stock is derived from beneficial ownership of Class B Common Stock, par value $.10 per share, of the Issuer which is convertible into Class A Common Stock on a share-for-share basis Peter W. Horne’s beneficial ownership consists of (i) 1,515,010 shares of Class B Common Stock held in a revocable trust for which Peter W. Horne serves as the sole trustee, and (ii) 14,760 shares of Class A Common Stock. 1,495,010 shares of Class B Common Stock described in clause (i) above are subject to the 1997 Voting Trust for which Timothy P. Horne serves as trustee. (See Exhibit 2 for a description of the 1997 Voting Trust). (b) Percent of Class: 5.3% equity percentage 0.2% voting percentage (c) Number of shares to which such person has: (i) sole power to vote or to direct the vote 34,760 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 34,760 (iv) shared power to dispose or to direct the disposition of 1,495,010 CUSIP No. 942749 10 2 13G Page 14

Ownership

Item 4. Ownership . Walter J. Flowers (a) Amount Beneficially Owned: Walter J. Flowers is deemed the beneficial owner of 1,803,710 shares of Class A Common Stock of the Issuer. As noted below, all of Mr. Flowers’ beneficial ownership of Class A Common Stock is derived from beneficial ownership of Class B Common Stock, par value $.10 per share, of the Issuer which is convertible into Class A Common Stock on a share-for-share basis. Mr. Flowers’ beneficial ownership consists of (i) 1,666,970 shares of Class B Common Stock held in a revocable trust for the benefit of Daniel W. Horne for which Daniel W. Horne and Mr. Flowers serve as co-trustees, (ii) 113,924 shares of Class B Common Stock held in a revocable trust for the benefit of Tiffany Horne Noonan for which Mr. Flowers serves as the sole trustee, (iii) 4,000 shares of Class B Common Stock held in a trust for the benefit of Tiffany Horne Noonan for which Mr. Flowers and Timothy P. Horne serve as co-trustees, (iv) 6,447 shares of Class B Common Stock held by a trust for the benefit of Kiera R. Noonan, for which Joseph T. Noonan and Walter J. Flowers serve as co-trustees, (v) 6,447 shares of Class B Common Stock held by a trust for the benefit of Tessa R. Noonan, for which Joseph T. Noonan and Walter J. Flowers serve as co-trustees, and (vi) 5,922 shares of Class B Common Stock held by a trust for the benefit of Liv R. Noonan, for which Joseph T. Noonan and Walter J. Flowers serve as co-trustees. All of the shares of Class B Common Stock (1,803,710 in the aggregate) are subject to the 1997 Voting Trust for which Timothy P. Horne serves as sole trustee. (See Exhibit 2 for a description of the 1997 Voting Trust). Mr. Flowers disclaims beneficial (b) Percent of Class: 6.2% equity percentage 0.0% voting percentage (c) Number of shares to which such person has: (i) sole power to vote or to direct the vote 0 (ii) shared power to vote or to direct the vote 0 (iii)

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class . Not Applicable

Ownership of More than Five Percent on Behalf of Another

Item 6. Ownership of More than Five Percent on Behalf of Another Person . Not Applicable Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. A group has filed this Schedule 13G pursuant to Rule 13d-1(d). The members of the group are: Timothy P. Horne Daniel W. Horne Deborah Horne Peter W. Horne Walter J. Flowers

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group . Not Applicable

Certifications

Item 10. Certifications . Not Applicable CUSIP No. 942749 10 2 13G Page 16

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 5, 2024 /s/ Timothy P. Horne TIMOTHY P. HORNE /s/ Timothy P. Horne* DANIEL W. HORNE /s/ Timothy P. Horne* DEBORAH HORNE /s/ Timothy P. Horne* PETER W. HORNE /s/ Walter J. Flowers WALTER J. FLOWERS * By Timothy P. Horne, Attorney in Fact pursuant to Powers of Attorney filed with the Securities and Exchange Commission on February 12, 1992, which Powers of Attorney are hereby incorporated herein by reference. CUSIP No. 942749 10 2 13G Page 17 INDEX OF EXHIBITS 1. Amended and Restated Stock Restriction Agreement 2. The Amended and Restated George B. Horne Voting Trust Agreement – 1997 3. Agreement Regarding Joint Filing CUSIP No. 942749 10 2 13G Page 18 EXHIBIT 1 All Class B Common Stock shares beneficially owned by Timothy P. Horne are held individually by or in trusts for the benefit of Timothy P. Horne, Daniel W. Horne, Deborah Horne, Tiffany Horne Noonan, Kiera R. Noonan, Tessa R. Noonan, Liv R. Noonan and Peter W. Horne, and any voting trust certificates representing such shares, are subject to an Amended and Restated Stock Restriction Agreement (the “Agreement”). Upon any proposed voluntary transfer or transfer by operation of law of Class B Common Stock or voting trust certificates representing such shares by any of the above stockholders, or upon the death of such a stockholder holding such shares or voting trust certificates, the other parties to the Agreement have a pro rata right of first refusal to purchase such shares (including a second opportunity to elect to purchase any shares not purchased under the first right of refusal). The purchase price per share is the 15-day average trading price of the Issuer’s Class A Common Stock while publicly traded, except in the case of certain involuntary transfers, in wh

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