Todd A. Adams - Oct 5, 2021 Form 4 Insider Report for Zurn Water Solutions Corp (ZWS)

Role
Chairman, President & CEO, Director
Signature
/s/ Jeffrey J. LaValle under Power of Attorney for Todd A. Adams
Stock symbol
ZWS
Transactions as of
Oct 5, 2021
Transactions value $
$0
Form type
4
Date filed
10/7/2021, 09:34 PM
Previous filing
Oct 6, 2021
Next filing
Nov 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZWS Common Stock Award +21.1K +3.46% 629K Oct 7, 2021 Direct F1
holding ZWS Common Stock 3.91K Oct 5, 2021 By 401(k) Plan F2
holding ZWS Common Stock 1.2K Oct 5, 2021 By SEP IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZWS Stock Option (right to buy) Award $0 +1.13M +103.45% $0.00 2.22M Oct 7, 2021 Common Stock 2.22M $9.69 Direct F3, F4
transaction ZWS Stock Option (right to buy) Award $0 +223K +103.45% $0.00 440K Oct 7, 2021 Common Stock 440K $11.37 Direct F3, F4
transaction ZWS Stock Option (right to buy) Award $0 +93.9K +103.45% $0.00 185K Oct 7, 2021 Common Stock 185K $14.22 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an adjustment of outstanding RSUs pursuant to the terms of the Zurn Water Solutions Corporation Performance Incentive Plan (the "Plan") to reflect the impact of the issuer's spin-off of its PMC business, which closed on October 4, 2021 (the "Spin-Off").
F2 Based on information from the trustee of the 401(k) Plan.
F3 This is a previously-granted and outstanding option. Pursuant to the terms of the Plan, the number and the exercise price of outstanding options under the Plan were adjusted as reflected here to reflect the impact of the Spin-Off.
F4 Option fully vested.