Pentair plc Announces Appointment and Compensation Details for New Chief Financial Officer

Pentair plc (NYSE: PNR) has released an amended Current Report on Form 8-K/A, providing investors and shareholders with key updates regarding its executive leadership and related compensation matters.

Key Highlights

• Appointment of New CFO: Pentair previously announced that Nicholas J. Brazis will assume the role of Executive Vice President and Chief Financial Officer, effective March 1, 2026. This leadership transition is part of the company’s ongoing efforts to bolster its senior management team.
• Compensation Details Disclosed: The Compensation Committee has now approved and disclosed the compensation package for Mr. Brazis, which was not available at the time of the original filing. This information can be price sensitive as it provides insight into Pentair’s executive compensation philosophy and alignment with shareholder interests.

Compensation Package for Nicholas J. Brazis

• Annual Base Salary: \$600,000
• Annual Cash Bonus Target: 80% of base salary, subject to pro-rating for 2026 and based on performance goals set by the Compensation Committee.
• Annual Incentive Equity Award for 2026: \$1,250,000, allocated as follows:
  • 50% Performance Share Units (PSUs)
  • 25% Restricted Stock Units (RSUs)
  • 25% Stock Options
• Eligibility for Other Executive Benefits: Mr. Brazis will participate in other standard plans and programs offered to Pentair’s executive officers, as detailed in the company’s 2025 Proxy Statement. These include participation in the Key Executive Employment and Severance Agreement (KEESA).

Key Executive Employment and Severance Agreement (KEESA)

• The KEESA provides that Mr. Brazis may be entitled to severance and other benefits upon a “change in control” of the company if he is involuntarily terminated (other than for death, disability, or cause), or if he resigns for “good reason.”
• The full text of the KEESA is available as Exhibit 10.27 to Pentair’s Annual Report on Form 10-K for the year ended December 31, 2025.

Potential Shareholder Impact

• Leadership Clarity: Full disclosure of compensation for the incoming CFO provides transparency to shareholders and signals stability in management succession.
• Alignment with Shareholders: The significant portion of equity-based compensation (75% of the annual incentive award) ties executive rewards to long-term company performance, which could positively influence investor sentiment regarding management’s alignment with shareholder value creation.
• Change in Control Provisions: The KEESA terms, including severance triggers, are standard for executives at large public companies but are important for investors to understand as they may affect succession planning and costs in the event of a corporate transaction.

Other Noteworthy Details

• This amendment (8-K/A) solely updates the compensation details for Mr. Brazis. No other disclosures from the original 8-K have been amended.
• Pentair’s ordinary shares continue to trade on the New York Stock Exchange under the symbol “PNR.”

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions related to Pentair plc or any other security. The information is based on filings made with the U.S. Securities and Exchange Commission as of February 25, 2026.

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