Form 4: Zurn Elkay Water Solutions Director, George C. Moore, Acquires Shares as Director Fees

Director George C. Moore acquired 869 shares of Zurn Elkay Water Solutions Corp as payment for director fees.

Summary

• On April 15, 2024, George C. Moore, a director of Zurn Elkay Water Solutions Corp, acquired 869 shares of common stock at a price of $31.66 per share.
• The acquisition was a result of payment of director fees in restricted stock units, which vested immediately but will not be paid out until six months after Moore's service as a director ends.
• Following the transaction, Moore directly owns 84,603 shares of Zurn Elkay Water Solutions Corp.
• Moore also holds options to purchase 22,466 shares of common stock at an exercise price of $13.65, which are fully vested and exercisable from February 12, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's acquisition of shares as part of their compensation. It doesn't inherently suggest positive or negative implications for the company's performance.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company.

Related Party Transactions

• The acquisition of shares by George C. Moore as payment for director fees constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding director compensation and ownership.

Key Dates