Form 4: April Jalazo Sells $3.2 Million in Zurn Elkay Water Solutions Corp (ZWS) Stock

April Jalazo, a director of Zurn Elkay Water Solutions Corp, sold 111,760 shares of common stock at an average price of $29.07 on July 2, 2024.

Summary

• On July 2, 2024, April Jalazo, a director of Zurn Elkay Water Solutions Corp (ZWS), sold 111,760 shares of common stock.
• The sale was executed at a weighted average price of $29.07 per share, resulting in a total transaction value of approximately $3.24 million.
• Following the transaction, April Jalazo continues to beneficially own a significant amount of ZWS shares indirectly through various trusts: Ice Mountain LLC (23,454,164 shares), Katz New VBA Trust (14,101 shares), and Katz Voting Stock Trust (236,387 shares).
• Jalazo disclaims beneficial ownership of these indirectly held shares except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways depending on the context and the investor's perspective.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency into insider transactions and can be closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The stock sale by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price.
• However, the director still holds a significant amount of shares, indicating continued alignment with the company's success.

Key Dates