Robert J. Pagano, Jr. has been the CEO of Watts Water Technologies since May 2014 and became its Chairperson in February 2022. Before this, he worked at ITT Corporation for over 15 years, moving up the ranks to become the...

Robert J. Pagano, Jr. has been the CEO of Watts Water Technologies since May 2014 and became its Chairperson in February 2022. Before this, he worked at ITT Corporation for over 15 years, moving up the ranks to become the Senior Vice President and President of ITT Industrial Process. He’s a Certified Public Accountant and kicked off his career at KPMG, which shows his strong financial background. Under his leadership at Watts Water Technologies, his compensation in 2023 reached $5.6 million, mostly from performance-based bonuses rather than stock options, indicating a focus on immediate company metrics. Notably, he's involved in insider trading with his holdings rising over the years, reaching a peak of $52.5 million in May 2024. He also took on additional roles, serving as interim CEO of ITT and as a board member at Applied Industrial Technologies, showcasing that he’s trusted and recognized in the industry. Knowing how he transitioned from finance to leading two different companies shows a practical approach towards growth and results.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Watts Water Technologies, Inc. CEOs

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Robert J. Pagano, Jr.

CEO of Watts Water Technologies, Inc.

Education

Not specified

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

January 1, 1970 - 55 years ago

CEO of Watts Water Technologies, Inc. for

10 years 10 months (May 2014 - Present)

Previous Experience

Senior Vice President of ITT Corporation and President, ITT Industrial Process

Rivals

Competitors/colleagues of Robert J. Pagano, Jr.

D

Tod E. Carpenter

CEO of Donaldson Company

2022 Compensation

Stock

$0.00

Salary

$1.06M

Bonus

$1.28M

Other

$182.89K

Total Holdings

$29.63M

G

Mark W. Sheahan

CEO of Graco

2023 Compensation

Stock

$0.00

Salary

$985.00K

Bonus

$1.30M

Other

$26.76K

Total Holdings

$6.90M

P

Ken Stillwell

CEO of Pegasystems

2023 Compensation

Stock

$0.00

Salary

$530.00K

Bonus

$185.50K

Other

$9.90K

Total Holdings

$3.14M

I

E. Scott Santi

CEO of Illinois Tool Works

2022 Compensation

Stock

$0.00

Salary

$1.40M

Bonus

$0.00

Other

$0.00

Total Holdings

$70.26M

W

Thomas A. Gendron

CEO of Woodward

2020 Compensation

Stock

$22.73M

Salary

$849.23K

Bonus

$0.00

Other

$137.98K

Total Holdings

$54.18M

I

Nicholas Fanandakis

CEO of ITT

2023 Compensation

Stock

$0.00

Salary

$1.09M

Bonus

$0.00

Other

$158.98K

Total Holdings

$1.45M

Holdings

See how much did Robert J. Pagano, Jr. make over time.

Robert J. Pagano's holdings have seen significant growth, peaking at $52.5 million in May 2024. His financial acumen is backed by his experience at ITT, where his stock value climbed steadily from $16.98 million in September 2019 to $52.51 million...

Robert J. Pagano's holdings have seen significant growth, peaking at $52.5 million in May 2024. His financial acumen is backed by his experience at ITT, where his stock value climbed steadily from $16.98 million in September 2019 to $52.51 million in May 2024. This reflects his successful leadership and confidence in the company’s future. He has consistently made substantial trades, indicating he has a large portion of his wealth tied to these holdings. The upward trend signifies not just a rise in stock price but also investor confidence under his stewardship.

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Total Stock Sold

$24.59M

WTS

$14.37M

108,371 WTS shares

ITT

$10.22M

316,293 ITT shares

What if they kept their stock?

If Robert J. Pagano, Jr. didn't sell their stock, today they would have:
Extra WTS108,371 shares worth $8.73M and ITT316,293 shares worth $14.96M.
This is -3.63% and $893.13K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Robert J. Pagano, Jr..

WTS

28,058 shares

WTS

Mar 13, 2025

Received

WTS

23,150 shares

WTS

Feb 3, 2025

Received

WTS

$4.42M

WTS at $212.50/share

Nov 6, 2024

Sale

WTS

$1.02M

WTS at $163.23/share

Mar 15, 2024

Received

WTS

13,440 shares

WTS

Mar 12, 2024

Received

WTS

28,052 shares

WTS

Feb 7, 2024

Received

WTS

$1.57M

WTS at $169.92/share

May 8, 2023

Sale

WTS

$1.01M

WTS at $130.27/share

Mar 15, 2023

Received

WTS

12,102 shares

WTS

Mar 13, 2023

Received

WTS

39,046 shares

WTS

Feb 6, 2023

Received

Compensation History

See how much did Robert J. Pagano, Jr. make over time.

In 2023, Robert J. Pagano earned a total compensation of $5.56 million, which primarily came from a hefty cash bonus of $4.45 million reflecting successful performance metrics. This approach emphasizes his belief that executive pay should be tied closely to actual results, rather than relying on stock options that might not align with immediate objectives. His salary stood at $1.1 million, showing that while he is well-compensated, much of his earnings are driven by the company’s performance in critical operation areas like revenue growth and profit margins. This compensation design suggests a strong alignment with shareholder interests, as it rewards performance that directly impacts the company's bottom line.

Year

2023

Total Compensation

$1.12M

Salary

$1.04M

Board Justification

The compensation philosophy aims to attract, retain, and motivate key executives critical to long-term success, positioning total direct compensation at approximately the median of peer companies, rewarding achievement relative to goals that drive long-term stockholder value, and aligning long-term pay outcomes with stockholder value creation.

Bonus

$0.00

Board Justification

No bonus was reported for 2023 as it was not applicable or not disclosed separately.

Other

$83.96K

Board Justification

This includes a cash automobile allowance, financial planning allowance, company contribution to 401(k) plan, supplemental disability insurance premium, and executive physical examination.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were reported as vested in 2023, only the total compensation was provided.

Performance Metrics

The performance metrics for 2023 included consolidated net sales, consolidated adjusted net income, and consolidated free cash flow.

Other Watts Water Technologies, Inc. CEOs

Here are other CEOs of Watts Water Technologies, Inc.

Dean P. Freeman

Ex-CEO of Watts Water Technologies, Inc.

January 2014 - May 2014