Tax-driven share sale by Zurn Elkay (NYSE: ZWS) general counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zurn Elkay Water Solutions Corp vice president and general counsel Jeffrey J. LaValle reported an open-market sale of 447 shares of common stock at a weighted average price of $50.86 per share. According to the disclosure, the shares were sold to satisfy tax withholding obligations and related fees tied to the vesting of restricted stock units.
After the sale, LaValle directly held 51,421 shares of common stock and indirectly held 1,813 shares through a 401(k) plan, based on information from the plan trustee. He also held 5,578 fully vested stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 447 shares ($22,734)
Net Sell
3 txns
Insider
LaValle Jeffrey J.
Role
VP, General Counsel & Sec'y
Sold
447 shs ($23K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 447 | $50.86 | $23K |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 51,421 shares (Direct);
Stock Option (right to buy) — 5,578 shares (Direct);
Common Stock — 1,813 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Shares were sold to satisfy tax withholding obligations and related fees in connection with the vesting of restricted stock units. This transaction was executed in multiple trades at prices ranging from $50.55 to $51.37. 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. Based on information from the trustee of the 401(k) Plan. Option fully vested.
FAQ
What insider transaction did Zurn Elkay (ZWS) report for Jeffrey LaValle?
Zurn Elkay reported that Jeffrey J. LaValle executed an open-market sale of 447 shares of common stock at a weighted average price of $50.86 per share. The transaction is classified as a non-derivative sale in common stock.
What stock option position does Jeffrey LaValle have in Zurn Elkay (ZWS)?
Jeffrey LaValle held 5,578 stock options described as a right to buy Zurn Elkay common stock. The filing notes that this option position is fully vested, meaning all underlying option shares are currently exercisable, subject to plan terms.
How was the sale price range described in Jeffrey LaValle’s ZWS Form 4?
The sale was executed in multiple trades at prices ranging from $50.55 to $51.37 per share. The Form 4 reports a weighted average sale price of $50.86 and offers to provide detailed trade-level pricing information upon request.
Is Jeffrey LaValle’s ownership in ZWS reported as direct or indirect?
The 51,421 common shares and 5,578 stock options are reported as directly owned by Jeffrey LaValle. An additional 1,813 common shares are reported as indirectly owned through a 401(k) plan, reflecting retirement plan holdings attributed to him.