Sudhanshu Chhabra - 09 Feb 2024 Form 4 Insider Report for Zurn Elkay 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
09 Feb 2024
Net transactions value
-$132,388
Form type
4
Filing time
13 Feb 2024, 21:46:26 UTC
Previous filing
10 Oct 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 +12,176 +17% 84,825 09 Feb 2024 Direct F1
transaction ZWS Common Stock Sale $132,388 -4,231 -5% $31.29 80,594 09 Feb 2024 Direct F2, F3
holding ZWS Common Stock 1,400 09 Feb 2024 By 401(k) Plan F4

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) 5,023 09 Feb 2024 Common Stock 5,023 $33.05 Direct F5
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) 77,761 09 Feb 2024 Common Stock 77,761 $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) 14,391 09 Feb 2024 Common Stock 14,391 $14.22 Direct F6
* 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 Based on information from the trustee of the 401(k) Plan.
F5 The original option vests in three annual installments beginning on October 5, 2022.
F6 Option fully vested.