Form 4: Zurn Elkay Water Solutions Corp: Officer Peterson Exercises Options, Sells Shares for Tax Obligations

Mark W. Peterson, Chief Administrative Officer of Zurn Elkay Water Solutions Corp, exercised stock options and sold shares to cover the exercise price and tax obligations.

Summary

• On October 16, 2024, Mark W. Peterson, Chief Administrative Officer of Zurn Elkay Water Solutions Corp, exercised stock options to acquire 46,780 shares of common stock at a price of $14.22 per share.
• On the same day, Peterson disposed of 31,386 shares of common stock at a price of $37.51 per share to satisfy the exercise price and tax withholding obligations related to the option exercise.
• Following these transactions, Peterson directly owns 400,727 shares of common stock and indirectly owns 4,921 shares through a 401(k) plan.
• Peterson also holds options to purchase 33,481 shares of common stock at an exercise price of $33.05, exercisable until October 5, 2031.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and provides transparency to investors regarding the actions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The transactions are typical for executives who receive stock options as part of their compensation packages.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates