Form 4: Zurn Elkay Water Solutions Corp Director April Jalazo Reports Stock Sale

Director April Jalazo reported selling 5,232 shares of Zurn Elkay Water Solutions Corp at an average price of $32.08 on May 23, 2024.

Summary

• On May 23, 2024, April Jalazo, a director of Zurn Elkay Water Solutions Corp, sold 5,232 shares of common stock.
• The shares were sold at a weighted average price of $32.08, with individual transactions ranging from $32.00 to $32.13.
• Following the transaction, April Jalazo directly owns no shares but is deemed to indirectly beneficially own 24,215,312 shares through Ice Mountain LLC, 14,101 shares through Katz New VBA Trust, and 236,387 shares through Katz Voting Stock Trust.
• Jalazo disclaims beneficial ownership of these indirectly held shares except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine disclosure of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions, which can be closely watched by investors for signals about the company's prospects.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States.
• The level of detail provided in this Form 4 is consistent with SEC guidelines and industry norms.
• Comparable companies such as Pentair, Xylem, and Watts Water Technologies also have similar insider transaction reporting requirements.

Stakeholder Impact

• The stock sale by a director may be of interest to shareholders, as insider transactions are often monitored for insights into management's view of the company's value.
• However, the director disclaims beneficial ownership of the majority of the shares, limiting the impact of the sale.

Key Dates