Form 4: Aimee Katz, Former 10% Owner of Zurn Elkay Water Solutions Corp, Reports Transactions

Aimee Katz, a former 10% owner of Zurn Elkay Water Solutions Corp, filed a Form 4 detailing recent transactions involving the company's common stock, including a sale of 8,912,500 shares.

Summary

• A Form 4 filing was submitted by Aimee Katz, a former 10% owner of Zurn Elkay Water Solutions Corp (ZWS).
• The filing reports transactions in ZWS common stock.
• On August 13, 2024, 461,155 shares were acquired due to an escrow share deposit release related to the merger with Elkay Manufacturing Company on July 1, 2022.
• On February 13, 2025, 8,912,500 shares were sold at $33.6 per share to Evercore Group L.L.C. as part of a secondary offering.
• The filing also details indirect ownership of shares held by Ice Mountain LLC, Katz New VBA Trust, and Katz Voting Stock Trust, for which Aimee Katz disclaims beneficial interest except to the extent of her pecuniary interest.
• Following the reported transactions, Aimee Katz beneficially owns 15,002,819 shares through Ice Mountain LLC, 6,678 shares directly, 14,101 shares through Katz New VBA Trust, and 236,387 shares through Katz Voting Stock Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but the sale of a large number of shares could be interpreted neutrally to slightly negatively depending on the broader market context.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates changes in Aimee Katz's ownership position in Zurn Elkay Water Solutions Corp.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for company insiders and large shareholders in the US, as mandated by the Securities and Exchange Commission (SEC).
• Similar filings are common across all publicly listed companies and are used to ensure transparency in trading activities by those with access to inside information.
• The sale of shares by a significant shareholder, as reported in this Form 4, is a typical event and is comparable to similar transactions reported by insiders in other companies such as those in the water technology and solutions sector, including Xylem Inc. and Pentair plc.

Stakeholder Impact

• The sale of a significant number of shares by a former 10% owner could potentially impact shareholder confidence, although the company previously disclosed the secondary offering.
• The impact on employees, customers, suppliers, and creditors is likely to be minimal, as the transaction primarily involves a change in ownership.

Key Dates

Keywords

Form 4, Zurn Elkay Water Solutions Corp, ZWS, Aimee Katz, Beneficial Ownership, Stock Sale, Secondary Offering, Ice Mountain LLC, Katz New VBA Trust, Katz Voting Stock Trust