Form 4: Zurn Elkay Water Solutions Corp Director George C. Moore Reports Acquisition of Shares

Director George C. Moore acquired 819 shares of Zurn Elkay Water Solutions Corp common stock at $36.66 per share on October 15, 2024, as payment for director fees.

Summary

• On October 15, 2024, George C. Moore, a director of Zurn Elkay Water Solutions Corp, acquired 819 shares of common stock at a price of $36.66 per share.
• The acquisition was a result of payment of director fees in restricted stock units.
• These restricted stock units vested immediately but will not be paid out until six months after Moore's service as a director ends.
• Following the transaction, Moore directly owns 108,865 shares of Zurn Elkay Water Solutions Corp.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as a director is increasing their stake in the company, which is generally a good sign. However, it's part of a compensation package, so it's not necessarily a strong signal.

Positives

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

Industry Context

Directors receiving stock as part of their compensation is a common practice. It aligns their interests with those of shareholders.

Related Party Transactions

• The acquisition of shares by the director as part of their compensation constitutes a related party transaction.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals director confidence.

Key Dates