Form 4: Zurn Elkay Water Solutions Director Acquires Shares as Director Fees

Thomas Christopoul, a director at Zurn Elkay Water Solutions Corp, acquired 936 shares of common stock as payment for director fees.

Summary

• On July 15, 2024, Thomas Christopoul, a director of Zurn Elkay Water Solutions Corp, acquired 936 shares of common stock.
• The shares were acquired as payment for director fees in restricted stock units at a price of $30.72 per share.
• These restricted stock units vested immediately but will not be paid out until six months after Christopoul's service as a director ends.
• Following the transaction, Christopoul directly owns 105,780 shares of Zurn Elkay Water Solutions Corp.
• The transaction was reported on July 16, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction related to director compensation. There is no indication of positive or negative sentiment towards the company's performance.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This is a routine disclosure related to insider transactions, specifically the acquisition of shares by a director as part of their compensation. It is common for directors to receive stock-based compensation, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates