Pentair plc Files Definitive Proxy Statement

Ticker: PNR · Form: DEF 14A · Filed: 2024-03-22T00:00:00.000Z

Sentiment: neutral

Topics: Pentair, Proxy Statement, DEF 14A, Executive Compensation, Corporate Governance

TL;DR

<b>Pentair plc has filed its Definitive Proxy Statement for the period ending May 7, 2024, detailing executive compensation and corporate governance.</b>

AI Summary

PENTAIR plc (PNR) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. Pentair plc filed a Definitive Proxy Statement (DEF 14A) on March 22, 2024. The filing covers the period ending May 7, 2024. The company's fiscal year ends on December 31. Pentair plc is incorporated in L2 and operates in the Special Industry Machinery sector (SIC 3550). The filing includes details on executive compensation adjustments for PEO and Non-PEO members related to equity awards and pension values for the 2023 fiscal year.

Why It Matters

For investors and stakeholders tracking PENTAIR plc, this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and potential changes, enabling informed voting decisions on related proposals. As a DEF 14A, it provides detailed information on matters to be voted on at the company's annual meeting, including director elections and executive pay, which are key to corporate governance.

Risk Assessment

Risk Level: low — PENTAIR plc shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard disclosure practices rather than immediate material events.

Analyst Insight

Shareholders should review the executive compensation details and any proposed amendments to governance policies before the shareholder meeting.

Key Numbers

2024-03-22 — Filing Date (DEF 14A)
2024-05-07 — Period of Report (DEF 14A)
2023-12-31 — Fiscal Year End (Company Data)
3550 — SIC Code (Special Industry Machinery)

Key Players & Entities

PENTAIR plc (company) — Registrant
0000077360 (company) — Central Index Key
3550 (regulator) — Standard Industrial Classification
2024-03-22 (date) — Filing Date
2024-05-07 (date) — Period of Report
2023-12-31 (date) — Fiscal Year End

FAQ

When did PENTAIR plc file this DEF 14A?

PENTAIR plc filed this Proxy Statement (DEF 14A) with the SEC on March 22, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by PENTAIR plc (PNR).

Where can I read the original DEF 14A filing from PENTAIR plc?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by PENTAIR plc.

What are the key takeaways from PENTAIR plc's DEF 14A?

PENTAIR plc filed this DEF 14A on March 22, 2024. Key takeaways: Pentair plc filed a Definitive Proxy Statement (DEF 14A) on March 22, 2024.. The filing covers the period ending May 7, 2024.. The company's fiscal year ends on December 31..

Is PENTAIR plc a risky investment based on this filing?

Based on this DEF 14A, PENTAIR plc presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard disclosure practices rather than immediate material events.

What should investors do after reading PENTAIR plc's DEF 14A?

Shareholders should review the executive compensation details and any proposed amendments to governance policies before the shareholder meeting. The overall sentiment from this filing is neutral.

How does PENTAIR plc compare to its industry peers?

Pentair plc operates in the Special Industry Machinery sector, focusing on products and services for water and fluid management, as well as equipment and systems for the food and beverage industry.

Are there regulatory concerns for PENTAIR plc?

The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies.

Industry Context

Pentair plc operates in the Special Industry Machinery sector, focusing on products and services for water and fluid management, as well as equipment and systems for the food and beverage industry.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies.

What Investors Should Do

Review the detailed executive compensation breakdown for PEO and Non-PEO members.
Examine any proposed changes to the company's governance structure or bylaws.
Vote on proposals presented in the proxy statement, particularly director elections and executive compensation plans.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for public companies regarding shareholder meetings and executive compensation, rather than a report on recent financial performance.

From the Filing

0000077360-24-000013.txt : 20240322 0000077360-24-000013.hdr.sgml : 20240322 20240322162436 ACCESSION NUMBER: 0000077360-24-000013 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 112 CONFORMED PERIOD OF REPORT: 20240507 FILED AS OF DATE: 20240322 DATE AS OF CHANGE: 20240322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENTAIR plc CENTRAL INDEX KEY: 0000077360 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550] ORGANIZATION NAME: 06 Technology IRS NUMBER: 981050812 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-11625 FILM NUMBER: 24775584 BUSINESS ADDRESS: STREET 1: REGAL HOUSE, 70 LONDON ROAD STREET 2: TWICKENHAM CITY: LONDON STATE: X0 ZIP: TW13QS BUSINESS PHONE: 763-545-1730 MAIL ADDRESS: STREET 1: C/O PENTAIR MANAGEMENT COMPANY STREET 2: 5500 WAYZATA BLVD, SUITE 900 CITY: GOLDEN VALLEY STATE: MN ZIP: 55416 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR LTD DATE OF NAME CHANGE: 20121003 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR INDUSTRIES INC DATE OF NAME CHANGE: 19790327 DEF 14A 1 pnr-20240320.htm DEF 14A pnr-20240320 DEF 14A 0000077360 false 0000077360 2023-01-01 2023-12-31 iso4217:USD 0000077360 2022-01-01 2022-12-31 0000077360 2021-01-01 2021-12-31 0000077360 2020-01-01 2020-12-31 0000077360 pnr:AdjustmentToCompensationForPensionAdjustmentMember ecd:PeoMember 2023-01-01 2023-12-31 0000077360 pnr:AdjustmentToCompensationForChangeInPensionValueFromSCTMember ecd:PeoMember 2023-01-01 2023-12-31 0000077360 pnr:AdjustmentToCompensationForServiceCostMember ecd:PeoMember 2023-01-01 2023-12-31 0000077360 pnr:AdjustmentToCompensationForEquityAdjustmentMember ecd:PeoMember 2023-01-01 2023-12-31 0000077360 ecd:NonPeoNeoMember pnr:AdjustmentToCompensationForEquityAdjustmentMember 2023-01-01 2023-12-31 0000077360 pnr:EquityAwardsDeductionOfSCTStockAwardsAndOptionAwardsMember ecd:PeoMember 2023-01-01 2023-12-31 0000077360 ecd:NonPeoNeoMember pnr:EquityAwardsDeductionOfAverageSCTStockAwardsAndOptionAwardsMember 2023-01-01 2023-12-31 0000077360 pnr:EquityAwardsFairValueOfEquityAwardsMember ecd:PeoMember 2023-01-01 2023-12-31 0000077360 ecd:NonPeoNeoMember pnr:EquityAwardsAverageFairValueOfEquityAwardsMember 2023-01-01 2023-12-31 0000077360 pnr:EquityAwardsChangeInValueOfPriorYearsAwardsUnvestedMember ecd:PeoMember 2023-01-01 2023-12-31 0000077360 ecd:NonPeoNeoMember pnr:EquityAwardsChangeInAverageValueOfPriorYearsAwardsUnvestedMember 2023-01-01 2023-12-31 0000077360 pnr:EquityAwardsChangeInValueOfPriorYearsAwardsThatVestedMember ecd:PeoMember 2023-01-01 2023-12-31 0000077360 ecd:NonPeoNeoMember pnr:EquityAwardsChangeInAverageValueOfPriorYearsAwardsThatVestedMember 2023-01-01 2023-12-31 0000077360 ecd:NonPeoNeoMember pnr:EquityAwardsAverageDividendsOrOtherEarningsNotIncludedInTotalCompensationForCurrentYearMember 2023-01-01 2023-12-31 0000077360 1 2023-01-01 2023-12-31 0000077360 2 2023-01-01 2023-12-31 0000077360 3 2023-01-01 2023-12-31 0000077360 4 2023-01-01 2023-12-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) ☑ Filed by the Registrant ☐ Filed by a party other than the Registrant CHECK THE APPROPRIATE BOX: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☑ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material under §240.14a-12 Pentair plc (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY): ☑ No fee required ☐ Fee paid previously with preliminary materials ☐ Fee computed on table in exhibit required by