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

Chief Information Officer Michael Troutman reports the acquisition and disposal of Zurn Elkay Water Solutions Corp stock and stock options on October 31, 2024.

Summary

• On October 31, 2024, Michael Troutman, Chief Information Officer of Zurn Elkay Water Solutions Corp, reported transactions involving the company's stock.
• Troutman acquired 52,851 shares of common stock at $12.67 and disposed of the same amount at a weighted average price of $36.5192.
• Additionally, Troutman acquired 48,000 shares at $9.69 and disposed of the same amount at a weighted average price of $36.1329.
• Following these transactions, Troutman directly owns 42,927 shares of common stock and indirectly owns 1,524 shares through a 401(k) plan.
• The transactions also involved the exercise of stock options to acquire 52,851 and 48,000 shares, respectively.

Sentiment

Score: 5

Explanation: This is a neutral report 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 of insider transactions, providing transparency to the market regarding the buying and selling activities of company executives. It's a standard practice required by the SEC to prevent insider trading and ensure fair market practices.

Stakeholder Impact

• The transactions may provide insights to shareholders regarding management's perspective on the company's stock value.
• The disclosure ensures transparency and compliance with SEC regulations, maintaining investor confidence.

Key Dates