Unless the context otherwise indicates, references herein to “Pentair,” the “Company,” and such words as “we,” “us,” and “our” include Pentair plc and its consolidated subsidiaries. GENERAL At Pentair, we help the world sustainably move, improve and enjoy water, life’s most essential resource. From our residential and commercial water solutions to industrial water managemen t and everything in between, Pentair is an S&P 500 company focused on smart, sustainable water solutions that help our planet and people thrive. Pentair strategy Our vision is to be the world’s most valued sustainable water solutions company for our employees, customers and shareholders. As a company, we: • Focus on growth in our core businesses and strategic initiatives; • Accelerate digital innovation and technology as well as sustainability investments; • Expedite growth and drive margin expansion through our Transformation Program; and • Build a high performance growth culture and deliver on our commitments while living our Win Right values. HISTORY AND DEVELOPMENT We are an Irish public limited company that was formed in 2014.