Mark W. Peterson - Oct 5, 2021 Form 4 Insider Report for Zurn Water Solutions Corp (ZWS)

Role
SVP & Chief Financial Officer
Signature
/s/ Jeffrey J. LaValle under Power of Attorney for Mark W. Peterson
Stock symbol
ZWS
Transactions as of
Oct 5, 2021
Transactions value $
$0
Form type
4
Date filed
10/7/2021, 09:53 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 +11.3K +13.49% 95.4K Oct 5, 2021 Direct F1
transaction ZWS Common Stock Award +19.6K +20.51% 115K Oct 7, 2021 Direct F1, F2
holding ZWS Common Stock 3.6K Oct 5, 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 +33.5K $0.00 33.5K Oct 5, 2021 Common Stock 33.5K $33.05 Direct F4
transaction ZWS Stock Option (right to buy) Award $0 +102K +103.45% $0.00 200K Oct 7, 2021 Common Stock 200K $9.69 Direct F5, F6
transaction ZWS Stock Option (right to buy) Award $0 +60.7K +103.44% $0.00 119K Oct 7, 2021 Common Stock 119K $11.37 Direct F5, F6
transaction ZWS Stock Option (right to buy) Award $0 +23.8K +103.44% $0.00 46.8K Oct 7, 2021 Common Stock 46.8K $14.22 Direct F5, F6
* 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 The original option vests in three annual installments beginning on the date listed above.
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 Option fully vested.