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Industrials & Aerospace

Watts Water Technologies Executive Compensation (FY25)

WTS · North Andover, MA · Executive and director compensation, fiscal 2022 to 2025
Median of the other named officers
$1,603,684
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 19, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): May 20, 2026
14 filings cited on this page
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364 figures on this page: 354 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Robert Pagano, Jr.: $9,053,207 → $10,423,317 (15.1% higher)
Say-on-pay support: 97.8% → 98.2% (0.4 points higher)
CEO pay ratio: 175:1 → 191:1 (9.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
What was Watts Water Technologies' say-on-pay result?
The say-on-pay proposal drew 98.2% of votes cast including abstentions in favor at the meeting held May 19, 2026 for fiscal 2025.
Which companies are in Watts Water Technologies' peer group?
The disclosed peer group names A.O. Smith Corporation, Chart Industries, Inc., Crane Co., EnPro Industries, Inc. and Franklin Electric Co., Inc., among others.
What is Watts Water Technologies' chief executive pay ratio?
The company reported a chief executive pay ratio of 191:1 for fiscal 2025, against median employee compensation of $54,714.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Pagano Jr.
Chief Executive Officer, President & Chairperson of the Board
◇—◇—◇—◇◇
Shashank Patel
Chief Financial Officer
◇—◇—◇—◇◇
Elie Melhem
President, Asia-Pacific, the Middle East & Africa
◇—◇—◇—◇◇
Kenneth Lepage
General Counsel, Chief Sustainability Officer & Secretary
◇—◇—◇—◇◇
Andre Dhawan
Chief Operating Officer
◇◇◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Pagano Jr.
Chief Executive Officer, President & Chairperson of the Board
◇—◇—◇—◇◇
Shashank Patel
Chief Financial Officer
◇—◇—◇—◇◇
Elie Melhem
President, Asia-Pacific, the Middle East & Africa
◇—◇—◇—◇◇
Kenneth Lepage
General Counsel, Chief Sustainability Officer & Secretary
◇—◇—◇—◇◇
Andre Dhawan
Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Pagano, Jr.
Chief Executive Officer, President & Chairperson of the Board
◇—◇—◇—◇◇
Andre Dhawan
Chief Operating Officer
◇—◇—◇—◇◇
Shashank Patel
Chief Financial Officer
◇—◇—◇—◇◇
Elie Melhem
President, Asia-Pacific, the Middle East & Africa
◇—◇—◇—◇◇
Kenneth Lepage
General Counsel, Chief Compliance Officer, Chief Sustainability Officer & Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Pagano, Jr.
Chief Executive Officer, President & Chairperson of the Board
◇—◇—◇—◇◇
Andre Dhawan
Chief Operating Officer
◇—◇—◇—◇◇
Elie Melhem
President, Asia-Pacific, the Middle East & Africa
◇—◇—◇—◇◇
Kenneth Lepage
General Counsel, Chief Compliance Officer, Chief Sustainability Officer & Secretary
◇—◇—◇—◇◇
Diane McClintock
Chief Financial Officer
◇—◇—◇—◇◇
Shashank Patel
Former Chief Financial Officer
Departed during or after this year
◇———◇—◇◇
Ryan Lada
Former Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andre DhawanRSU◇——◇——◇
Andre DhawanPSU◇◇◇—◇—◇
Diane McClintockRSU◇——◇——◇
Diane McClintockPSU◇◇◇—◇—◇
Diane McClintockRSU◇——◇——◇
Elie A. MelhemRSU◇——◇——◇
Elie A. MelhemPSU◇◇◇—◇—◇
Kenneth R. LepageRSU◇——◇——◇
Kenneth R. LepagePSU◇◇◇—◇—◇
Robert J. Pagano JrPSU◇◇◇—◇—◇
Robert J. Pagano JrRSU◇——◇——◇
Ryan LadaRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Robert Pagano, Jr.PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Andre DhawanPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Shashank PatelPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Elie MelhemPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Kenneth LepagePSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Diane McClintockRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Andre Dhawan
Chief Operating Officer · Severance agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Diane McClintock
Chief Financial Officer · Severance agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Elie Melhem
President, Asia-Pacific, the Middle East & Africa · Severance agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Kenneth Lepage
General Counsel, Chief Compliance Officer, Chief Sustainability Officer & Secretary · Severance agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Robert Pagano, Jr.
Chief Executive Officer · Severance agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Ryan Lada
Former Chief Financial Officer · Severance agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Shashank Patel
Former Chief Financial Officer · Severance agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David A. Dunbar
Lead independent director
◇◇————◇
Merilee Raines
◇◇————◇
Louise K. Goeser
◇◇————◇
Michael J. Dubose
◇◇————◇
Joseph T. Noonan
◇◇————◇
Kenneth Napolitano
◇◇————◇
Rebecca J. Boll
◇◇————◇
Joseph W. Reitmeier
◇◇————◇
Suzanne L. Stefany
—◇————◇
Robert J. Pagano Jr served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Class A common stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • A.O. Smith Corporation AOS
  • Chart Industries, Inc. GTLS
  • Crane Co. CR
  • EnPro Industries, Inc. NPO
  • Franklin Electric Co., Inc. FELE
  • Graco Inc. GGG
  • IDEX Corporation IEX
  • Itron, Inc. ITRI
  • ITT Corporation ITT
  • Mueller Industries, Inc. MLI
  • Mueller Water Products, Inc. MWA
  • Nordson Corporation NDSN
  • Pentair plc PNR
  • SPX Technologies, Inc. SPXC
  • Zurn Elkay Water Solutions Corporation ZWS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 19, 2026=◇◇◇
2024May 21, 2025=◇◇◇
2023May 22, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021May 11, 2022=◇◇◇
2020May 12, 2021=◇◇◇
2019May 13, 2020=◇◇◇
2018May 17, 2019=◇◇◇
2017May 16, 2018=◇◇◇
2016May 17, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Robert Pagano, Jr. (Chief Executive Officer, President & Chairperson of the Board), FY2025 total compensation $10,423,317 (base salary $1,173,000) [exec_comp, SEC accession 0001104659-26-038336, filed 2026-04-01]

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What this page does not include

Everything above is a fact Watts Water Technologies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Watts Water Technologies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
364 figures on this page: 354 cited to the filing that reported them, 10 calculated from figures it prints.
354 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001104659-26-064461
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-038336
    2025 SUMMARY COMPENSATION TABLE · CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · and 1 more section
  4. 0001558370-25-008094
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001104659-25-030421
    2024 SUMMARY COMPENSATION TABLE · Compensation Discussion and Analysis · Summary Compensation Table
  6. 0001558370-24-008581
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001104659-24-041656
  8. 0001558370-23-010230
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001104659-22-058721
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001558370-21-007047
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001558370-20-006791
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001104659-19-030203
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001104659-18-033993
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001104659-17-033690
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Watts Water Technologies executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/WTS (accessed 2026).
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14 filings cited on this page
Method: intel.velarion.ai/methodology
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Industrials & Aerospace rankings

Chief executive pay — Industrials & AerospaceCEO pay ratio — Industrials & AerospaceSay-on-pay support — Industrials & Aerospace

Peers Watts Water Technologies discloses

The companies named in WTS's own disclosed peer group.

A.O. Smith CorporationChart Industries, Inc.Crane Co.EnPro Industries, Inc.Franklin Electric Co., Inc.Graco Inc.IDEX CorporationItron, Inc.ITT CorporationMueller Industries, Inc.Mueller Water Products, Inc.Nordson CorporationPentair plcSPX Technologies, Inc.Zurn Elkay Water Solutions Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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