Form 4: Zurn Elkay Water Solutions Corp: Officer LaValle Reports Stock Transactions
SEC Form 4
Jeffrey J. LaValle, VP, General Counsel & Secretary of Zurn Elkay Water Solutions Corp, reports disposition of shares to cover tax obligations and holdings in a 401(k) plan.
Summary
- On February 10, 2025, Jeffrey J. LaValle, VP, General Counsel & Secretary of Zurn Elkay Water Solutions Corp, reported a transaction involving common stock.
- 749 shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $37.99.
- Following the transaction, LaValle directly owns 34,673 shares of common stock.
- LaValle also indirectly owns 1,487 shares through a 401(k) plan.
- LaValle also owns options to purchase 5,578 shares of common stock at an exercise price of $33.05, which are fully vested and expire on October 5, 2031.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity related to tax obligations.
Industry Context
This is a routine disclosure of insider transactions, which are common and regulated to ensure transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of transaction involving common stock. |
| 02/12/2025 | Date of signature on the report. |
| 10/05/2031 | Expiration date of stock options. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.