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

Director Rosemary Schooler acquired 633 shares of Zurn Elkay Water Solutions Corp through restricted stock units as part of director fees.

Summary

• Rosemary Schooler, a director at Zurn Elkay Water Solutions Corp, acquired 633 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 Ms. Schooler's service as a director ends.
• Following the transaction, Ms. Schooler directly owns 51,926 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. There are no negative implications.

Industry Context

This is a routine transaction related to director compensation, which is common practice in publicly traded companies. It reflects a standard method of aligning director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) for director compensation is a common practice among publicly traded companies, including those in the industrial and manufacturing sectors.
• Companies like Pentair, Xylem, and Watts Water Technologies also use equity-based compensation for their directors, often with similar vesting and payout structures.
• The specific number of shares and the value of the transaction are typical for director compensation packages, which are often tied to the company's performance and market value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Zurn Elkay Water Solutions, Director, Rosemary Schooler, Restricted Stock Units, RSU, Share Acquisition, Director Fees, Stock Ownership