Form 4: Zurn Elkay Water Solutions CFO Reports Stock Transactions

David J. Pauli, CFO of Zurn Elkay Water Solutions Corp, reports the withholding of shares to cover tax obligations and transactions related to stock options and employee stock purchase plan.

Summary

• David J. Pauli, the Chief Financial Officer of Zurn Elkay Water Solutions Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On October 5, 2024, 326 shares of common stock were withheld at a price of $36.38 to satisfy tax obligations related to vesting restricted stock units.
• Following the transaction, Pauli directly owns 43,322 shares of common stock.
• Pauli also indirectly owns 416 shares through a 401(k) plan.
• The report also details Pauli's ownership of stock options with various exercise prices and expiration dates, including options to buy 4,068 shares at $12.67 expiring on May 22, 2025, 13,816 shares at $11.37 expiring on May 19, 2027, 5,757 shares at $14.22 expiring on May 25, 2028 and 6,136 shares at $33.05 expiring on October 5, 2031.
• The filing was signed on October 8, 2024, by Jeffrey J. LaValle under Power of Attorney for David J. Pauli.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation practices, including stock options and employee stock purchase plans, common in publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.
• The withholding of shares for tax obligations has no material impact on stakeholders.

Key Dates