Form 4: Director George C. Moore Acquires Shares in Zurn Elkay Water Solutions Corp

Director George C. Moore acquired 800 shares of Zurn Elkay Water Solutions Corp common stock as payment for director fees.

Summary

• George C. Moore, a director at Zurn Elkay Water Solutions Corp, acquired 800 shares of common stock on January 15, 2025.
• The shares were acquired as payment for director fees at a price of $37.52 per share.
• These shares are in the form of restricted stock units that vested immediately but will not be paid out until six months after Mr. Moore's service as a director ends.
• Following this transaction, Mr. Moore directly owns 109,665 shares of Zurn Elkay Water Solutions Corp.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction related to director compensation, which is a normal part of business operations. The director's increased stake could be seen as a positive sign of confidence.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Director compensation in the form of stock is a common practice among publicly listed companies.
• The vesting and payout structure of the restricted stock units is also a standard practice to align director interests with long-term company performance.
• Many companies in the industrial sector, such as Pentair and Xylem, use similar compensation methods for their board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

Zurn Elkay Water Solutions Corp, Director, Share Acquisition, Restricted Stock Units, Director Fees, Form 4, Insider Trading