Form 4: Zurn Elkay Water Solutions Corp: Officer Troutman Reports Stock Transactions
SEC Form 4
Michael Troutman, Chief Information Officer of Zurn Elkay Water Solutions Corp, reports the disposition of shares to cover tax obligations and holdings in the company's 401(k) plan.
Summary
- On October 5, 2024, Michael Troutman, Chief Information Officer of Zurn Elkay Water Solutions Corp, disposed of 385 shares of common stock at a price of $36.38 per share to satisfy tax withholding obligations related to vesting restricted stock units.
- Following the transaction, Troutman directly owns 42,927 shares of common stock.
- Troutman also indirectly owns 1,524 shares through the company's 401(k) plan.
- Troutman holds options to purchase a total of 191,764 shares of common stock at prices ranging from $9.69 to $33.05, all of which are fully vested.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are standard practice among publicly traded companies like Zurn Elkay Water Solutions Corp.
- The vesting schedules and exercise prices of the stock options are typical for executive compensation plans.
- Similar companies such as Pentair, Xylem, and Franklin Electric also utilize stock options as part of their executive compensation packages.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| 10/05/2024 | Date of stock disposition for tax obligations. |
| 10/05/2024 | Date of stock disposition for tax obligations. |
| 05/22/2025 | Expiration date of stock options with an exercise price of $12.67. |
| 05/20/2026 | Expiration date of stock options with an exercise price of $9.69. |
| 05/19/2027 | Expiration date of stock options with an exercise price of $11.37. |
| 05/25/2028 | Expiration date of stock options with an exercise price of $14.22. |
| 10/05/2031 | Expiration date of stock options with an exercise price of $33.05. |
| 10/08/2024 | Date of Form 4 signature. |
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