Sudhanshu Chhabra - 05 Oct 2021 Form 4 Insider Report for Zurn Water Solutions Corp (ZWS)

Role
VP-Zurn Business Systems
Signature
/s/ Jeffrey J. LaValle under Power of Attorney for Sudhanshu Chhabra
Issuer symbol
ZWS
Transactions as of
05 Oct 2021
Net transactions value
$0
Form type
4
Filing time
07 Oct 2021, 21:35:58 UTC
Previous filing
13 Sep 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 +1,702 +6.1% 29,383 05 Oct 2021 Direct F1
transaction ZWS Common Stock Award +6,405 +22% 35,788 07 Oct 2021 Direct F2
holding ZWS Common Stock 452 05 Oct 2021 By 401(k) Plan F3

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 +5,203 $0.000000 5,203 05 Oct 2021 Common Stock 5,203 $33.05 Direct F6
transaction ZWS Stock Option (right to buy) Award $0 +26,873 +103% $0.000000 52,851 07 Oct 2021 Common Stock 52,851 $12.67 Direct F3, F4, F5
transaction ZWS Stock Option (right to buy) Award $0 +39,539 +103% $0.000000 77,761 07 Oct 2021 Common Stock 77,761 $9.69 Direct F3, F4, F5
transaction ZWS Stock Option (right to buy) Award $0 +19,157 +109% $0.000000 36,676 07 Oct 2021 Common Stock 36,676 $11.37 Direct F3, F4, F5
transaction ZWS Stock Option (right to buy) Award $0 +7,317 +103% $0.000000 14,391 07 Oct 2021 Common Stock 14,391 $14.22 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock unit grant, which vests in three annual installments beginning on the first anniversary of the grant date, assuming continued employment.
F2 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").
F3 Based on information from the trustee of the 401(k) Plan.
F4 Option fully vested.
F5 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.
F6 The original option vests in three annual installments beginning on the date listed above.