Mr. Patel served as Chief Financial Officer of Watts Water Technologies until July 28, 2025, having previously announced his intention to retire during 2025. He remained employed by the Company in a reduced role from October 10, 2025 to December 31, 2025, at which point his salary was reduced to an annualized rate of $240,000 and his target bonus percentage was reduced to 25%. He is treated as a named executive officer for 2025 as one of three individuals who served as the Company's principal financial officer during the year.
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