Watts Water Technologies Executive Compensation (FY25)
WTS · North Andover, MA · Executive and director compensation, fiscal 2024 to 2025
The Watts Water Technologies brief, $1,500
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Data as of September 7, 2026Latest filing (8-K): May 20, 2026
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
282 figures on this page: 272 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 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Andre Dhawan | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Andre Dhawan | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Diane McClintock | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Diane McClintock | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Diane McClintock | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Elie A. Melhem | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Elie A. Melhem | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Kenneth R. Lepage | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Kenneth R. Lepage | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Robert J. Pagano Jr | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Robert J. Pagano Jr | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Ryan Lada | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Kenneth Lepage | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Elie Melhem | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Shashank Patel | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Robert Pagano | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Andre Dhawan | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| 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 · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
| Severance cash amount | ◇ |
| Change-in-control multiple | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Elie Melhem
President, Asia-Pacific, the Middle East & Africa · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
| Severance cash amount | ◇ |
| Change-in-control multiple | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Kenneth Lepage
General Counsel, Chief Compliance Officer, Chief Sustainability Officer & Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
| Severance cash amount | ◇ |
| Change-in-control multiple | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Shashank Patel
Former Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
| Severance cash amount | ◇ |
| Change-in-control multiple | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
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 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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 19, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 21, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 22, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 17, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 11, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 12, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 13, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 17, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 16, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 17, 2017 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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.
Executive Compensation Report — $1,500Written compensation analysis
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.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable 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.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
282 figures on this page: 272 cited to the filing that reported them, 10 calculated from figures it prints.
272 cited to the filing
10 calculated from the filing
Documents cited
- 0001104659-26-064461Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-26-0383362025 DIRECTOR COMPENSATION · 2025 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END · 2025 SUMMARY COMPENSATION TABLE · CEO Pay Ratio · and 2 more sections
- 0001558370-25-008094Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-25-0304212024 SUMMARY COMPENSATION TABLE · Compensation Discussion and Analysis · Summary Compensation Table
- 0001558370-24-008581Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001558370-23-010230Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-22-058721Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001558370-21-007047Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001558370-20-006791Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-19-030203Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-18-033993Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-17-033690Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Watts Water Technologies executive compensation, FY2024–FY2025.” https://intel.velarion.ai/comp/WTS (accessed 2026).
Short form: data: Velarion
The Watts Water Technologies brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Watts Water Technologies discloses
The companies named in WTS's own disclosed peer group.
Terms on this page
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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}
}