Form 4: Zurn Elkay Water Solutions Corp: Officer LaValle Reports Stock Transactions

Jeffrey J. LaValle, VP, General Counsel & Secretary of Zurn Elkay Water Solutions Corp, reports the sale of shares to cover tax obligations and holdings in the company's 401(k) plan.

Summary

• On October 5, 2024, Jeffrey J. LaValle, an officer of Zurn Elkay Water Solutions Corp, reported transactions involving the company's stock.
• 202 shares of common stock were sold at $36.68 per share to satisfy tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
• Following the transaction, LaValle directly owns 30,990 shares of common stock.
• LaValle also indirectly owns 1,485 shares through the company's 401(k) plan.
• LaValle holds 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.
• The reported transactions were filed pursuant to Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transactions described are typical for corporate insiders. Therefore, the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The information disclosed in this filing is similar to what would be expected from officers at comparable companies such as Watts Water Technologies or AO Smith.

Stakeholder Impact

• The sale of shares by an officer could be perceived negatively by some shareholders, but the explanation provided (tax obligations) mitigates this concern.
• The filing provides transparency to stakeholders regarding insider transactions.

Key Dates