Form 4: Zurn Elkay Water Solutions Corp: Officer Troutman Reports Stock Transactions
SEC Form 4 Filing
Michael Troutman, Chief Information Officer of Zurn Elkay Water Solutions Corp, reports the withholding of shares to cover tax obligations and holdings in a 401(k) plan.
Summary
- On February 10, 2025, Michael Troutman, Chief Information Officer of Zurn Elkay Water Solutions Corp, reported transactions involving the company's stock.
- 728 shares of common stock were disposed of at a price of $37.99 to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Troutman directly owns 47,222 shares of common stock.
- Troutman also indirectly owns 1,528 shares through a 401(k) plan.
- Troutman holds options to buy shares of common stock at prices of $9.69, $11.37, $14.22 and $33.05.
- These options relate to 30,871, 37,676, 15,116 and 7,253 shares respectively.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an officer, indicating neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the disposal of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of stock transaction (disposal of shares for tax withholding). |
| 02/12/2025 | Date of signature for the Form 4 filing. |
| 05/20/2026 | Expiration date for stock options with an exercise price of $9.69. |
| 05/19/2027 | Expiration date for stock options with an exercise price of $11.37. |
| 05/25/2028 | Expiration date for stock options with an exercise price of $14.22. |
| 10/05/2031 | Expiration date for stock options with an exercise price of $33.05. |
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