Form 4: Zurn Elkay Water Solutions Corp Director Rosemary Schooler Acquires Shares

Director Rosemary Schooler acquired 751 shares of Zurn Elkay Water Solutions Corp (ZWS) common stock on April 15, 2024, as payment for director fees.

Summary

• On April 15, 2024, Rosemary Schooler, a director of Zurn Elkay Water Solutions Corp (ZWS), acquired 751 shares of common stock.
• The shares were acquired at a price of $31.66 per share.
• This transaction resulted in Schooler owning 49,871 shares of ZWS common stock following the reported transaction.
• The acquisition was a payment of director fees in restricted stock units, which vested immediately but will not be paid out until six months after Schooler's cessation of service as a director.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The restricted stock units will not be paid out until six months after Schooler's cessation of service as a director.

Industry Context

Director share acquisitions are common and often tied to compensation packages, aligning director interests with shareholder value.

Comparison to Industry Standards

• Director compensation in the form of stock is a common practice among publicly traded companies.
• Companies like Pentair, A. O. Smith, and Xylem also utilize stock-based compensation for their directors.
• The specific amount and vesting schedules vary based on company size, performance, and industry standards.

Related Party Transactions

• The acquisition of shares by Rosemary Schooler is a related party transaction as she is a director of the company.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with those of shareholders.

Key Dates