Form 4: Zurn Elkay Water Solutions CFO David J. Pauli Executes Stock Option and Sells Shares
SEC Form 4 Filing
David J. Pauli, CFO of Zurn Elkay Water Solutions Corp, exercised stock options and sold shares to cover the exercise price and tax obligations.
Summary
- On May 14, 2025, David J. Pauli, the Chief Financial Officer of Zurn Elkay Water Solutions Corp, exercised a stock option to acquire 4,068 shares of common stock at a price of $12.67 per share.
- Simultaneously, Pauli sold 2,706 shares of common stock at a weighted average price of $37.11 per share, with prices ranging from $37.08 to $37.16.
- These transactions resulted in Pauli holding 60,772 shares directly and 793 shares indirectly through a 401(k) plan.
- The exercised option was fully vested and had an exercise price of $12.67.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't convey any explicit positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. These transactions do not necessarily reflect a change in the executive's confidence in the company.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- The exercise of stock options and subsequent sale of shares to cover taxes and exercise costs is a standard practice among executives in publicly traded companies.
- Comparing Pauli's transactions to those of CFOs at similar-sized companies in the water solutions industry would provide a more detailed benchmark, but this data is not available in the document.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 05/14/2025 | Date of stock option exercise and sale of shares. |
| 05/22/2025 | Expiration date of one of the stock option grants. |
| 05/19/2027 | Expiration date of one of the stock option grants. |
| 05/25/2028 | Expiration date of one of the stock option grants. |
| 10/05/2031 | Expiration date of one of the stock option grants. |
Keywords
Zurn Elkay Water Solutions, ZWS, David J. Pauli, CFO, Stock Option, SEC Form 4, Insider Trading, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.