Craig G. Wehr - 05 Oct 2021 Form 4 Insider Report for Zurn Water Solutions Corp (ZWS)

Role
Group Ex., President-Zurn
Signature
/s/ Jeffrey J. LaValle under Power of Attorney for Craig G. Wehr
Issuer symbol
ZWS
Transactions as of
05 Oct 2021
Net transactions value
$0
Form type
4
Filing time
07 Oct 2021, 21:54:08 UTC
Previous filing
27 May 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 +7,565 +24% 38,827 05 Oct 2021 Direct F1
transaction ZWS Common Stock Award +15,474 +40% 54,301 07 Oct 2021 Direct F2
holding ZWS Common Stock 386 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 +22,320 $0.000000 22,320 05 Oct 2021 Common Stock 22,320 $33.05 Direct F6
transaction ZWS Stock Option (right to buy) Award $0 +28,033 +103% $0.000000 55,133 07 Oct 2021 Common Stock 55,133 $14.41 Direct F4, F5
transaction ZWS Stock Option (right to buy) Award $0 +31,759 +103% $0.000000 62,461 07 Oct 2021 Common Stock 62,461 $12.67 Direct F4, F5
transaction ZWS Stock Option (right to buy) Award $0 +48,011 +103% $0.000000 94,423 07 Oct 2021 Common Stock 94,423 $9.69 Direct F4, F5
transaction ZWS Stock Option (right to buy) Award $0 +20,753 +103% $0.000000 40,815 07 Oct 2021 Common Stock 40,815 $11.37 Direct F4, F5
transaction ZWS Stock Option (right to buy) Award $0 +7,928 +103% $0.000000 15,592 07 Oct 2021 Common Stock 15,592 $14.22 Direct 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 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.
F5 Option fully vested.
F6 The original option vests in three annual installments beginning on the date listed above.