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

Director David C. Longren acquired 896 shares of Zurn Elkay Water Solutions Corp (ZWS) common stock as part of director fees paid in restricted stock units.

Summary

• On July 15, 2024, David C. Longren, a director of Zurn Elkay Water Solutions Corp (ZWS), acquired 896 shares of common stock.
• The acquisition was part of director fees paid in restricted stock units at a price of $30.72 per share.
• Following the transaction, Longren directly owns 86,419 shares of ZWS common stock.
• The restricted stock units vested immediately but will not be paid out until six months after Longren's cessation of service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company, which is generally viewed favorably.

Positives

• The acquisition reflects the director's continued investment and alignment with the company's interests.

Future Outlook

The restricted stock units will be paid out six months after the Reporting Person's cessation of service as a director.

Industry Context

Director share acquisitions are common, especially as part of compensation packages. This transaction is a routine disclosure related to insider trading regulations.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the director's increased stake in the company.

Key Dates