Savi Luca, who serves as President and Chief Executive Officer of ITT Inc. (NYSE: ITT), executed a sale of 65,513 shares of the company’s common stock on March 5, 2026. According to a Form 4 filing with the Securities and Exchange Commission, the blocks were sold across multiple transactions at per-share prices ranging from $188.981 to $193.7113, yielding proceeds of approximately $12 million.
The filing states the shares were sold to facilitate the Reporting Person’s purchase of a new personal residence near ITT Inc.’s headquarters. The disclosure follows two earlier internal share receipts: on March 3, 2026, Luca received 52,878 shares with a reported total value of $0, and on March 4, 2026, he received another 45,940 shares with a reported total value of $0. The filing notes those shares were delivered upon the settlement of performance units and awards of restricted stock units. In addition, Luca disposed of 33,184 shares to satisfy tax liabilities for $6,317,901 at a per-share price of $190.39.
After the sequence of awards, tax-withholding sales, and the March 5 disposition, Luca is shown as directly holding 262,354 shares of ITT Inc. common stock.
Market context provided in the filing and related company commentary shows ITT shares trading at $190.70 at the time of reporting. The stock is up nearly 40 percent over the prior 12 months and is trading below its 52-week high of $209.69. Market capitalization is listed at $16.4 billion with a price-to-earnings ratio of 31.24. An InvestingPro assessment cited in company materials places the stock on a Most Overvalued list relative to its Fair Value.
These insider moves coincide with a notable corporate milestone. ITT has completed its acquisition of SPX FLOW Inc. for $4.775 billion in cash and equity, a transaction that was originally announced in December 2025. The companies will integrate operations, broadening ITT’s exposure across industrial, chemical, energy, nutrition, health, and personal care markets, according to the company statement.
Financial results released for the fourth quarter of 2025 showed ITT delivering earnings per share of $1.85, ahead of the $1.78 projection, and revenue of $1.05 billion, above the forecasted $1.01 billion. Analyst commentary accompanying those results included Wolfe Research maintaining a Peerperform rating while raising its year-end 2026 fair value range, and DA Davidson reiterating a Buy rating with a $215 price target. DA Davidson highlighted core sales growth that exceeded expectations by more than 350 basis points and pointed to strength in ITT’s Connected Controls Technologies and Industrial Process segments as contributors to the outperformance.
Taken together, the reported insider sale, the stock’s recent performance and valuation metrics, the completion of a material acquisition, and the stronger-than-expected quarterly results mark a period of concentrated activity for ITT. The Form 4 filing frames the CEO’s disposition as a transaction tied to a personal real estate purchase rather than a routine portfolio reallocation.
Summary of the transactions and corporate developments
- Savi Luca sold 65,513 shares on March 5, 2026, at prices between $188.981 and $193.7113, for about $12 million.
- Earlier in the week Luca settled performance units and restricted stock awards, receiving 52,878 shares on March 3 and 45,940 shares on March 4, each with a reported total value of $0.
- He sold 33,184 shares to cover tax obligations for $6,317,901 at $190.39 per share and now directly owns 262,354 shares.
- ITT completed a $4.775 billion cash-and-equity acquisition of SPX FLOW Inc., announced in December 2025.
- ITT reported Q4 2025 EPS of $1.85 and revenue of $1.05 billion, both ahead of analyst estimates.