Michael Troutman - 09 Feb 2024 Form 4 Insider Report for Zurn Elkay Water Solutions Corp (ZWS)

Role
Chief Information Officer
Signature
/s/ Jeffrey J. LaValle under Power of Attorney for Michael Troutman
Issuer symbol
ZWS
Transactions as of
09 Feb 2024
Net transactions value
-$219,937
Form type
4
Filing time
13 Feb 2024, 21:45:04 UTC
Previous filing
20 Nov 2023
Next filing
20 Feb 2024
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 +18,944 +59% 50,952 09 Feb 2024 Direct F1
transaction ZWS Common Stock Sale $199,974 -6,391 -13% $31.29 44,561 09 Feb 2024 Direct F2, F3
transaction ZWS Common Stock Sale $19,963 -638 -1.4% $31.29 43,923 09 Feb 2024 Direct F3, F4
holding ZWS Common Stock 1,145 09 Feb 2024 By 401(k) Plan F5

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
holding ZWS Stock Option (right to buy) 52,851 09 Feb 2024 Common Stock 52,851 $12.67 Direct F6
holding ZWS Stock Option (right to buy) 78,871 09 Feb 2024 Common Stock 78,871 $9.69 Direct F6
holding ZWS Stock Option (right to buy) 37,676 09 Feb 2024 Common Stock 37,676 $11.37 Direct F6
holding ZWS Stock Option (right to buy) 15,116 09 Feb 2024 Common Stock 15,116 $14.22 Direct F6
holding ZWS Stock Option (right to buy) 7,253 09 Feb 2024 Common Stock 7,253 $33.05 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition of shares for no consideration upon the vesting of performance stock units, based on Zurn Elkay Water Solutions Corporation's performance during 3- year performance period (January 1, 2021 - December 31, 2023).
F2 Shares were sold to satisfy tax withholding obligations in connection with the vesting of performance stock units.
F3 This transaction was executed in multiple trades at prices ranging from $30.73 to $31.51. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
F4 Shares were sold to satisfy tax withholding obligations and related fees in connection with the vesting of restricted stock units.
F5 Based on information from the trustee of the 401(k) Plan.
F6 Option fully vested.
F7 The original option vests in three annual installments beginning on October 5, 2022.