Form 4: Zurn Elkay Water Solutions CFO Pauli Reports Stock Transactions

David J. Pauli, CFO of Zurn Elkay Water Solutions Corp, reports acquisition of shares through vesting of performance stock units and subsequent sale to cover tax obligations.

Summary

• David J. Pauli, the Chief Financial Officer of Zurn Elkay Water Solutions Corp, filed a Form 4 detailing changes in beneficial ownership.
• On November 6, 2024, Pauli acquired 8,320 shares of common stock due to the vesting of performance stock units based on the company's performance from October 5, 2021, to September 30, 2024.
• On November 7, 2024, Pauli sold 4,070 shares of common stock at a weighted average price of $39.15 to satisfy tax withholding obligations and related fees.
• Following these transactions, Pauli directly owns 47,572 shares of common stock and indirectly owns 416 shares through a 401(k) plan.
• Pauli also holds options to buy shares of common stock at various exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports routine stock transactions by a company executive. The vesting of performance stock units is a slightly positive indicator, but the subsequent sale is a neutral event.

Positives

• The vesting of performance stock units suggests that Zurn Elkay Water Solutions Corp met certain performance targets during the three-year performance period.

Negatives

• The sale of shares to cover tax obligations could be interpreted as a lack of confidence, although it is a common practice.

Risks

• There are no specific risks mentioned in this document.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. It is difficult to assess the broader industry impact without additional context.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased transparency of insider trading.

Key Dates