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

David C. Longren, a director at Zurn Elkay Water Solutions Corp, acquired 733 shares of common stock through restricted stock units as payment for director fees.

Summary

• David C. Longren, a director of Zurn Elkay Water Solutions Corp, acquired 733 shares of common stock on January 15, 2025.
• The shares were acquired through restricted stock units (RSUs) as payment for director fees.
• The price per share was $37.52.
• The RSUs vested immediately but will not be paid out until six months after Mr. Longren's cessation of service as a director.
• Following the transaction, Mr. Longren directly owns 87,903 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 neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of restricted stock units aligns the director's interests with those of shareholders.

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 as part of director compensation is a common practice among publicly listed companies.
• Many companies use a mix of cash and equity to compensate directors, aligning their interests with shareholders.
• The vesting and payout terms are also typical, with deferred payment often used to ensure continued service and alignment.

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, Stock Acquisition, Restricted Stock Units, Director Fees, Insider Trading, Form 4