Form 4: Zurn Elkay Water Solutions Director Acquires Shares as Part of Director Fee Compensation

Rosemary Schooler, a director at Zurn Elkay Water Solutions Corp, acquired 774 shares of common stock at $30.72 per share as part of director fees.

Summary

• On July 15, 2024, Rosemary Schooler, a director of Zurn Elkay Water Solutions Corp, acquired 774 shares of common stock.
• The shares were acquired at a price of $30.72 per share.
• The acquisition was part of the payment of director fees in restricted stock units.
• These restricted stock units vested immediately but will not be paid out until six months after Schooler's cessation of service as a director.
• Following the transaction, Schooler directly owns 50,645 shares of Zurn Elkay Water Solutions Corp.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction related to director compensation.

Positives

• The acquisition reflects the director's continued investment in the company.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. It provides transparency into the trading activities of company insiders.

Related Party Transactions

• The acquisition of shares by the director as part of director fee compensation constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a small number of shares acquired by a director.

Key Dates