Form 4: Zurn Elkay Water Solutions Director Timothy Jahnke Sells Shares
SEC Form 4 Filing
Director Timothy Jahnke sold shares of Zurn Elkay Water Solutions Corp on September 19 and 20, 2024, according to a Form 4 filing.
Summary
- Timothy Jahnke, a director of Zurn Elkay Water Solutions Corp, reported changes in beneficial ownership.
- On September 19, 2024, Jahnke sold 10,035 shares of common stock at $35 per share.
- On September 20, 2024, Jahnke sold 9,965 shares of common stock at $35 per share.
- Following these transactions, Jahnke directly owns 365,017 shares of common stock.
- Jahnke also indirectly owns 200,000 shares through an irrevocable trust.
- The sales were executed pursuant to a Rule 10b5-1 plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports insider selling, but the presence of a 10b5-1 plan mitigates potential negative interpretations.
Industry Context
Insider selling can sometimes be interpreted negatively by the market, but the use of a 10b5-1 plan suggests the sales were pre-planned and not based on current inside information.
Stakeholder Impact
- The share sales could have a minor negative impact on shareholder sentiment, although the pre-planned nature of the sales mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 09/19/2024 | Timothy Jahnke sold 10,035 shares of common stock at $35 per share. |
| 09/20/2024 | Timothy Jahnke sold 9,965 shares of common stock at $35 per share. |
| 09/20/2024 | Date of signature for the report. |
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