Form 4: Zurn Elkay Water Solutions Director, Peggy Troy, Acquires Additional Shares

Director Peggy Troy acquired 830 shares of Zurn Elkay Water Solutions Corp (ZWS) common stock on April 15, 2024, as payment for director fees.

Summary

• On April 15, 2024, Peggy Troy, a director of Zurn Elkay Water Solutions Corp (ZWS), acquired 830 shares of common stock.
• The shares were acquired at a price of $31.66 per share.
• This transaction increased Troy's direct holdings to 52,430 shares.
• The acquisition was a payment of director fees in restricted stock units, which vested immediately.
• The restricted stock units will not be paid out until six months after Troy's cessation of service as a director.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction of a director receiving stock compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• Director's acquisition of shares may signal confidence in the company's future.

Future Outlook

The restricted stock units will not be paid out until six months after the Reporting Person's cessation of service as a director.

Industry Context

Director share acquisitions are common and often viewed positively by investors as they align management's interests with those of shareholders.

Related Party Transactions

• The acquisition of shares by Peggy Troy is a related party transaction as she is a director of Zurn Elkay Water Solutions Corp.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates