Form 4: Aimee Katz, Director at Zurn Elkay Water Solutions Corp, Sells $1.4 Million in Common Stock

Aimee Katz, a director at Zurn Elkay Water Solutions Corp, sold 43,690 shares of common stock at an average price of $31.93 on April 19, 2024.

Summary

• On April 19, 2024, Aimee Katz, a director of Zurn Elkay Water Solutions Corp, sold 43,690 shares of common stock.
• The shares were sold at a weighted average price of $31.93, with individual transactions ranging from $31.91 to $31.94.
• Following the transaction, Aimee Katz's indirectly held beneficial ownership includes 24,755,242 shares through Ice Mountain LLC, 6,678 shares through Katz New VBA Trust, and 14,101 shares through Katz Voting Stock Trust.
• Katz disclaims beneficial ownership of these shares except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, and 10% owners) buy or sell their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although it is a relatively small percentage of the total shares beneficially owned.
• The disclosure provides transparency to all stakeholders regarding insider transactions.

Key Dates