Zurn Elkay (ZWS) president gets PSU shares, sells portion to cover taxes

Rhea-AI Filing Summary

Zurn Elkay Water Solutions Corp President Jeffrey A. Schoon reported equity changes tied to performance-based awards and related tax obligations. On February 6, 2026, he acquired 24,981 shares of common stock for no cash consideration upon vesting of performance stock units based on a three-year performance period ending December 31, 2025.

On February 10, 2026, he sold 12,034 common shares at a weighted average price of $51.80 to cover tax withholding and related fees from the vesting. Following these transactions, he holds 62,541 common shares directly, plus 2,196 shares indirectly via a trust and 846 shares via a 401(k) plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schoon Jeffrey A

(Last) (First) (Middle)

511 W. FRESHWATER WAY

(Street)

MILWAUKEE WI 53204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Zurn Elkay Water Solutions Corp [ ZWS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/06/2026		A		24,981	A	(1)	73,927	D
Common Stock	02/10/2026		S		12,034(2)	D	$51.8(3)	62,541(4)	D
Common Stock								2,196	I	By Trust
Common Stock								846	I	By 401(k) Plan(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Acquisition of shares, including shares received for accrued dividend equivalent rights, for no consideration upon the vesting of performance stock units, based on Zurn Elkay Water Solutions Corporation's performance during three year performance period (January 1, 2023 - December 31, 2025).

2. Shares were sold to satisfy tax withholding obligations and related fees in connection with the vesting of performance stock units and related dividend shares.

3. This transaction was executed in multiple trades at prices ranging from $51.48 to $52.16. 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.

4. Includes shares acquired under the Company's Employee Stock Purchase Plan in 2025.

5. Based on information from the trustee of the 401(k) Plan.

Remarks:

	/s/ Jeffrey J. LaValle under Power of Attorney for Jeffrey A. Schoon	02/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did Zurn Elkay (ZWS) President Jeffrey A. Schoon report?

Jeffrey A. Schoon reported acquiring 24,981 Zurn Elkay common shares from vested performance stock units, then selling 12,034 shares. The sale was to cover tax withholding and related fees, leaving him with substantial direct and indirect share ownership in the company.

How many ZWS shares did Jeffrey A. Schoon acquire from performance stock units?

He acquired 24,981 Zurn Elkay common shares at no cash cost upon vesting of performance stock units. These units vested based on the company’s performance over a three-year period from January 1, 2023 through December 31, 2025, including dividend equivalent shares.

At what price did ZWS President Jeffrey A. Schoon sell shares on February 10, 2026?

He sold 12,034 Zurn Elkay shares at a weighted average price of $51.80 per share. The trades occurred in multiple executions between $51.48 and $52.16, and were made specifically to satisfy tax withholding obligations and related fees from the vesting.

How many Zurn Elkay (ZWS) shares does Jeffrey A. Schoon own after these transactions?

After the reported transactions, he beneficially owns 62,541 Zurn Elkay common shares directly. He also holds 2,196 shares indirectly through a trust and 846 shares through a 401(k) plan, based on information provided by the plan trustee.

Why did Jeffrey A. Schoon sell ZWS shares after receiving performance stock units?

The filing states the 12,034 Zurn Elkay shares were sold to satisfy tax withholding obligations and related fees. These obligations arose in connection with the vesting of performance stock units and the related dividend equivalent shares that were delivered to him.

What performance period governed Jeffrey A. Schoon’s vested ZWS performance stock units?

The vested performance stock units were based on Zurn Elkay Water Solutions Corporation’s performance over a three-year period. That period ran from January 1, 2023 through December 31, 2025, determining the number of shares ultimately delivered to Jeffrey A. Schoon.