Todd A. Adams - 05 Oct 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
Issuer symbol: ZWS
Transactions as of: 05 Oct 2021
Net transactions value: $0
Form type: 4
Filing time: 07 Oct 2021, 21:34:44 UTC
Previous filing: 06 Oct 2021
Next filing: 02 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZWS	Common Stock	Award		+21,064	+3.5%		629,155	07 Oct 2021	Direct	F1
holding	ZWS	Common Stock						3,910	05 Oct 2021	By 401(k) Plan	F2
holding	ZWS	Common Stock						1,200	05 Oct 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	+1,129,675	+103%	$0.000000	2,221,719	07 Oct 2021	Common Stock	2,221,719	$9.69	Direct	F3, F4
transaction	ZWS	Stock Option (right to buy)	Award	$0	+223,495	+103%	$0.000000	439,545	07 Oct 2021	Common Stock	439,545	$11.37	Direct	F3, F4
transaction	ZWS	Stock Option (right to buy)	Award	$0	+93,931	+103%	$0.000000	184,733	07 Oct 2021	Common Stock	184,733	$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.