Zurn Elkay (ZWS) CFO awarded 2,276 restricted stock units, lifts holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zurn Elkay Water Solutions Corp Chief Financial Officer Daniel J. Klun reported an equity award and updated holdings. He received a grant of 2,276 restricted stock units representing common stock at no cost, classified as a grant/award acquisition. According to the footnote, this grant vests in three equal annual installments beginning on the first anniversary of the grant date, assuming continued employment. After this award, he directly holds 26,357 shares of common stock and indirectly holds 1,516 shares through a 401(k) Plan based on information from the plan trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Klun Daniel J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,276 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,357 shares (Direct, null);
Common Stock — 1,516 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Restricted stock unit grant, which vests in three annual installments beginning on the first anniversary of the grant date, assuming continued employment. Based on information from the trustee of the 401(k) Plan.
Key Figures
Restricted stock units granted: 2,276 units
Grant price per unit: 0.0000 per share
Direct holdings after grant: 26,357 shares
+1 more
4 metrics
Restricted stock units granted
2,276 units
Grant/award acquisition on May 28, 2026
Grant price per unit
0.0000 per share
Equity award, not a cash purchase
Direct holdings after grant
26,357 shares
Common stock directly owned after transaction
Indirect 401(k) holdings
1,516 shares
Common stock held through 401(k) Plan
Key Terms
Restricted stock unit, 401(k) Plan, grant/award acquisition
3 terms
Restricted stock unit financial
"Restricted stock unit grant, which vests in three annual installments"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
401(k) Plan financial
"Based on information from the trustee of the 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
grant/award acquisition financial
"transaction_action: "grant/award acquisition" for the equity award"
FAQ
What insider transaction did Zurn Elkay (ZWS) report for Daniel J. Klun?
Zurn Elkay reported that CFO Daniel J. Klun received an equity award of 2,276 restricted stock units representing common stock. The award was recorded as a grant or other acquisition, not an open-market purchase or sale, and updated his reported share ownership.
What are the vesting terms of the CFO’s new Zurn Elkay (ZWS) restricted stock units?
The 2,276 restricted stock units vest in three annual installments starting on the first anniversary of the grant date. Vesting is contingent on continued employment, meaning the CFO must remain with the company for each installment to become fully earned.
Was the Zurn Elkay (ZWS) CFO’s Form 4 transaction an open-market stock purchase or sale?
No, the filing shows a grant or award acquisition rather than an open-market trade. The transaction code A indicates a grant, with 2,276 restricted stock units issued at a price of 0.0000 per share as part of compensation, not a market buy or sell.