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

Director George C. Moore acquired 1,019 shares of Zurn Elkay Water Solutions Corp common stock as payment for director fees.

Summary

• On April 15, 2025, George C. Moore, a director of Zurn Elkay Water Solutions Corp, acquired 1,019 shares of common stock.
• The shares were received as payment for director fees in the form of restricted stock units.
• The price per share was $29.45.
• The restricted stock units vested immediately but will not be paid out until six months after Moore's service as a director ends.
• Following the transaction, Moore directly owns 114,631 shares of Zurn Elkay Water Solutions Corp.
• The transaction was reported on April 17, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction indicating director's alignment with company interests, but it's not a major event.

Positives

• The director's acquisition of shares demonstrates confidence in the company.

Industry Context

Director share acquisitions are common and often viewed positively, indicating alignment between management and shareholder interests. This is a routine transaction related to director compensation.

Comparison to Industry Standards

• Director compensation packages often include stock options or restricted stock units to align their interests with shareholders, similar to practices at companies like Pentair and A. O. Smith.
• The vesting and payout terms (immediate vesting, delayed payout) are not uncommon, serving as both an incentive and a retention mechanism.

Related Party Transactions

• The payment of director fees in restricted stock units is a related party transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with shareholder value.

Key Dates

Keywords

Zurn Elkay Water Solutions Corp, Director, Share Acquisition, Director Fees, Restricted Stock Units, ZWS, George C. Moore