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 acquisition and disposal of common stock related to vesting of performance stock units and tax obligations.
Summary
- Michael Troutman, the Chief Information Officer of Zurn Elkay Water Solutions Corp, filed a Form 4 detailing changes in beneficial ownership.
- On November 6, 2024, Troutman acquired 9,834 shares of common stock due to the vesting of performance stock units based on the company's performance from October 5, 2021, to September 30, 2024.
- On November 7, 2024, Troutman sold 4,811 shares at an average price of $39.15 to cover tax withholding obligations and related fees.
- Following these transactions, Troutman directly owns 47,950 shares of common stock and indirectly owns 1,524 shares through a 401(k) plan.
- Troutman also holds options to buy a total of 90,916 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.
- The sale of shares to cover tax obligations could slightly increase the stock's trading volume.
Key Dates
| Date | Description |
|---|---|
| October 5, 2021 | Start date of the three-year performance period for performance stock units. |
| September 30, 2024 | End date of the three-year performance period for performance stock units. |
| November 6, 2024 | Date of acquisition of 9,834 shares due to vesting of performance stock units. |
| November 7, 2024 | Date of sale of 4,811 shares to cover tax obligations. |
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