Form 4: Zurn Elkay Water Solutions Director Acquires Shares Through Restricted Stock Units

Director Peggy Troy acquired 733 shares of Zurn Elkay Water Solutions Corp through restricted stock units as part of director fees.

Summary

• Peggy Troy, a director at Zurn Elkay Water Solutions Corp, acquired 733 shares of common stock on January 15, 2025.
• The shares were acquired through restricted stock units as part of director fees.
• The price per share was $37.52.
• The restricted stock units vested immediately but will not be paid out until six months after Ms. Troy's cessation of service as a director.
• Following the transaction, Ms. Troy directly owns 54,810 shares of Zurn Elkay Water Solutions Corp.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The use of restricted stock units aligns director interests with shareholder value.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• The use of restricted stock units for director compensation is a common practice among publicly traded companies.
• Many companies in the industrial sector use similar methods to align director interests with shareholder value.
• The vesting and payout terms are also typical, with a delay in payout to ensure continued service and commitment.

Stakeholder Impact

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

Key Dates

Keywords

Zurn Elkay Water Solutions, Director, Peggy Troy, Restricted Stock Units, Share Acquisition, Director Fees, Form 4, Insider Trading