Form 4: Zurn Elkay Water Solutions Corp: Executive Mark W. Peterson Reports Changes in Beneficial Ownership

Mark W. Peterson, Chief Administrative Officer of Zurn Elkay Water Solutions Corp, reports changes in beneficial ownership of company stock due to tax withholding and 401(k) plan holdings.

Summary

• On October 5, 2024, Mark W. Peterson, Chief Administrative Officer of Zurn Elkay Water Solutions Corp, reported changes in his beneficial ownership of the company's stock.
• 1,778 shares of common stock were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $36.38 per share.
• Peterson also holds 4,921 shares of common stock indirectly through a 401(k) plan.
• Following these transactions, Peterson directly owns 385,333 shares of Zurn Elkay Water Solutions Corp.
• Peterson also holds options to buy 46,780 shares at $14.22 (fully vested) and 33,481 shares at $33.05 (fully vested).

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It allows investors to monitor the actions of key executives and their confidence in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The information disclosed is consistent with SEC regulations and reporting requirements.
• Similar filings can be observed for executives at comparable companies in the water solutions industry, such as Pentair and Xylem.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock transactions.
• It can influence investor perception of management's confidence in the company.

Key Dates