Form 4: Zurn Elkay Water Solutions Director Acquires Additional Shares
SEC Form 4 Filing
David C. Longren, a director at Zurn Elkay Water Solutions Corp, acquired 790 shares of common stock at $31.66 per share on April 15, 2024.
Summary
- On April 15, 2024, David C. Longren, a director of Zurn Elkay Water Solutions Corp, acquired 790 shares of common stock.
- The shares were acquired at a price of $31.66 per share.
- This acquisition increased Longren's direct ownership to 85,523 shares.
- The acquisition was a payment of director fees in restricted stock units, which vested immediately.
- The restricted stock units are not paid out until six months after the Reporting Person's cessation of service as a director.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- A director increasing their stake in the company can be seen as a positive signal.
Industry Context
This is a standard Form 4 filing, reflecting a change in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of transaction: David C. Longren acquired 790 shares of Zurn Elkay Water Solutions Corp common stock. |
| 04/17/2024 | Date of signature: Jeffrey J. LaValle signed the report under Power of Attorney for David C. Longren. |
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