Form 4: Zurn Elkay Water Solutions Corp: Ice Mountain LLC Reports Sale of Common Stock
SEC Form 4 Filing
Ice Mountain LLC, a 10% owner of Zurn Elkay Water Solutions Corp, reports the sale of common stock in multiple transactions.
Summary
- Ice Mountain LLC, Cascade Bay LLC, and Katz 2004 DYN Trust, all with a relationship to Zurn Elkay Water Solutions Corp, filed a Form 4.
- The form reports changes in beneficial ownership of the company's common stock.
- On March 9, 2023, Ice Mountain LLC acquired 277,092 shares due to an escrow share deposit release from the merger with Elkay Manufacturing Company.
- On April 5, 2024, Ice Mountain LLC sold 50,172 shares at an average price of $32.18.
- On April 8, 2024, Ice Mountain LLC sold 49,828 shares at an average price of $32.07.
- Following these transactions, Ice Mountain LLC directly holds 24,948,932 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by a major shareholder, which is neutral in sentiment. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders and large shareholders.
Stakeholder Impact
- Shareholders may react to the stock sales by a significant owner, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 03/09/2023 | Ice Mountain LLC acquired 277,092 shares due to escrow share deposit release. |
| 07/01/2022 | Issuer's merger with Elkay Manufacturing Company |
| 04/05/2024 | Ice Mountain LLC sold 50,172 shares at an average price of $32.18. |
| 04/08/2024 | Ice Mountain LLC sold 49,828 shares at an average price of $32.07. |
| 04/09/2024 | Date of filing for the Form 4. |
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