Form 4: Zurn Elkay Water Solutions Corp: Officer Sudhanshu Chhabra Reports Stock Option Exercise and Sale
SEC Form 4
Sudhanshu Chhabra, VP-Zurn Business Systems, exercised stock options and sold shares of Zurn Elkay Water Solutions Corp on September 12, 2024.
Summary
- On September 12, 2024, Sudhanshu Chhabra, VP-Zurn Business Systems at Zurn Elkay Water Solutions Corp, exercised stock options to acquire 52,851 shares of common stock at a price of $12.67 per share.
- Simultaneously, Chhabra sold 52,851 shares of common stock at a weighted average price of $32.5473, with individual sales ranging from $32.4550 to $32.7150.
- Following these transactions, Chhabra directly owns 80,151 shares of Zurn Elkay Water Solutions Corp common stock.
- Chhabra also indirectly owns 1,759 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook.
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 allows investors to monitor management's perspective on the company's stock.
Stakeholder Impact
- Shareholders can use this information to understand management's actions regarding company stock.
- The filing provides transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 10/05/2022 | Original option vests in three annual installments beginning on this date. |
| 09/12/2024 | Date of transaction: Stock option exercise and sale of shares. |
| 09/13/2024 | Date of Form 4 filing. |
| 05/22/2025 | Expiration date for stock options. |
| 05/20/2026 | Expiration date for stock options. |
| 05/19/2027 | Expiration date for stock options. |
| 05/25/2028 | Expiration date for stock options. |
| 10/05/2031 | Expiration date for stock options. |
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