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

President Jeffrey A. Schoon of Zurn Elkay Water Solutions Corp reports acquisition and disposal of common stock related to vesting of performance stock units and tax obligations.

Summary

• On February 14, 2025, Jeffrey A. Schoon, President of Zurn Elkay Water Solutions Corp, reported transactions involving the company's common stock.
• Schoon acquired 63,920 shares upon the vesting of performance stock units based on the company's performance between July 1, 2022, and December 31, 2024.
• He also sold 30,698 shares at a weighted average price of $35.47 to cover tax withholding obligations and related fees associated with the vesting.
• Following these transactions, Schoon directly owns 48,946 shares of common stock.
• Additionally, he indirectly owns 2,196 shares through a trust and 709 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an officer's trading activity.

Positives

• The vesting of performance stock units suggests that the company met certain performance targets during the period of July 1, 2022, to December 31, 2024.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of company executives and their potential impact on the stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increase in outstanding shares from the vesting and the subsequent sale of shares.

Key Dates