Form 4: Zurn Elkay Director George Moore Acquires Shares as Compensation

Zurn Elkay Water Solutions Corp Director George C. Moore acquired 823 shares of common stock valued at $36.48 per share as payment for director fees.

Summary

• George C. Moore, a Director of Zurn Elkay Water Solutions Corp (ZWS), acquired 823 shares of common stock.
• The transaction occurred on July 15, 2025, with each share valued at $36.48.
• This acquisition was a payment of director fees in restricted stock units.
• The restricted stock units vested immediately but will not be paid out until six months after Mr. Moore ceases service as a director.
• Following this transaction, George C. Moore beneficially owns 115,454 shares of Zurn Elkay Water Solutions Corp common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive. While a compensation-based acquisition is not a strong signal of confidence like an open-market purchase, it aligns the director's interests with shareholders and is a standard, expected event.

Positives

• The acquisition of shares by a director, even as compensation, aligns the director's interests with those of shareholders.
• The immediate vesting of restricted stock units indicates a clear and defined compensation structure for directors.

Negatives

• No specific negative points are indicated by this Form 4 filing, as it details a routine compensation transaction.

Future Outlook

The filing indicates that the acquired restricted stock units, while immediately vested, will not be paid out until six months after the reporting person's cessation of service as a director, outlining a future payout condition.

Industry Context

This Form 4 filing details a routine insider transaction related to director compensation within Zurn Elkay Water Solutions Corp, a company operating in the water solutions industry. Such transactions are common and reflect standard corporate governance practices for compensating board members.

Comparison to Industry Standards

• The practice of compensating directors with restricted stock units is a common industry standard across various sectors, including manufacturing and infrastructure-related companies like Zurn Elkay Water Solutions Corp.
• Many companies, similar to Zurn Elkay, use equity-based compensation to align director incentives with long-term shareholder value, a practice seen in peers such as A. O. Smith Corporation (AOS) or Watts Water Technologies, Inc. (WTS).

Corporate Governance

Related Party Transactions

• The acquisition of 823 shares by Director George C. Moore as payment for director fees constitutes a related party transaction, as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The transaction increases the director's direct ownership, potentially aligning their interests more closely with long-term shareholder value.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

• The payout of the acquired restricted stock units will occur six months after George C. Moore ceases service as a director.

Key Dates

Keywords

Zurn Elkay Water Solutions Corp, ZWS, SEC Form 4, Insider Transaction, Director Compensation, Stock Acquisition, Restricted Stock Units, Corporate Governance