Watts Water Technologies (WTS) Proxy filing summary

Executive summary

• The annual meeting is scheduled for May 19, 2026, at the company’s headquarters, with voting available by internet, phone, or mail for shareholders of record as of March 24, 2026.

• Key proposals include electing nine directors, an advisory vote on executive compensation, and ratifying KPMG LLP as the independent auditor for 2026.

• The company continues to use internet delivery of proxy materials to reduce costs and environmental impact.

Voting matters and shareholder proposals

• Shareholders will vote on electing nine directors, approving executive compensation (say-on-pay), and ratifying KPMG LLP as auditor.

• Voting structure: Class A shares have one vote each; Class B shares have ten votes each.

• Proposals require a majority of votes present or represented by proxy, except director elections, which are by plurality.

• Shareholders may submit proposals for the 2027 meeting by December 4, 2026, or nominate directors per by-law procedures.

Board of directors and corporate governance

• Nine director nominees, including one new member, are up for election; the board size is being reduced due to a retirement.

• The board is majority independent, despite controlled company status under NYSE rules.

• The board combines CEO and Chairperson roles, with a Lead Independent Director to ensure independent oversight.

• Three standing committees: Audit, Compensation, and Governance & Sustainability, all composed of independent directors.

• The board conducts annual self-evaluations and encourages director attendance at annual meetings.