Form 4: Zurn Elkay Water Solutions Corp: Officer Sudhanshu Chhabra Reports Stock Transactions
SEC Form 4 Filing
Sudhanshu Chhabra, VP-Zurn Business Systems, reports the withholding of shares to cover tax obligations and holdings in the company's 401(k) plan.
Summary
- On October 5, 2024, Sudhanshu Chhabra, VP-Zurn Business Systems at Zurn Elkay Water Solutions Corp, reported a transaction involving common stock.
- 326 shares were disposed of at a price of $36.38 to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Chhabra directly owns 80,397 shares of common stock.
- Chhabra also indirectly owns 1,762 shares through a 401(k) plan.
- Chhabra holds options to buy 77,761 shares at $9.69 exercisable from 05/20/2026, 37,676 shares at $11.37 exercisable from 05/19/2027, 14,391 shares at $14.22 exercisable from 05/25/2028 and 5,023 shares at $33.05 exercisable from 10/05/2031.
Sentiment
Score: 5
Explanation: This is a routine filing indicating standard stock transactions for tax purposes, with no significant positive or negative implications.
Industry Context
This filing is a routine disclosure of stock transactions by a company officer, which is a common occurrence in publicly traded companies. It provides transparency into the trading activities of insiders.
Key Dates
| Date | Description |
|---|---|
| 05/20/2026 | Date from which stock options to buy 77,761 shares at $9.69 are exercisable |
| 05/19/2027 | Date from which stock options to buy 37,676 shares at $11.37 are exercisable |
| 05/25/2028 | Date from which stock options to buy 14,391 shares at $14.22 are exercisable |
| 10/05/2024 | Date of stock transaction where 326 shares were disposed of to cover tax obligations. |
| 10/05/2031 | Date from which stock options to buy 5,023 shares at $33.05 are exercisable |
| 10/08/2024 | Date of signature for the Form 4 filing. |
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