Form 4: Zurn Elkay Water Solutions Corp Director Acquires Shares as Director Fees

Director George C. Moore acquired 977 shares of Zurn Elkay Water Solutions Corp as payment for director fees in restricted stock units.

Summary

• On July 15, 2024, George C. Moore, a director of Zurn Elkay Water Solutions Corp, acquired 977 shares of common stock.
• The shares were acquired as payment for director fees in restricted stock units at a price of $30.72 per share.
• Following the transaction, Moore directly owns 108,046 shares of Zurn Elkay Water Solutions Corp.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, which can be seen as a sign of confidence. However, it's a routine transaction related to compensation.

Positives

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

Industry Context

This is a routine transaction related to director compensation and aligns with standard practices for publicly traded companies.

Related Party Transactions

• The acquisition of shares by George C. Moore is a related party transaction as he is a director of Zurn Elkay Water Solutions Corp.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a small number of shares acquired as part of director compensation.

Key Dates