Zurn Elkay (NYSE: ZWS) grants 604 restricted stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Longren David C. reported acquisition or exercise transactions in this Form 4 filing.
Zurn Elkay Water Solutions director David C. Longren received a grant of 604 restricted stock units representing common stock on 2026-07-15, valued at $47.63 per unit as payment of director fees. These units vested immediately and will be paid out six months after his board service ends, bringing his direct holdings to 98,821 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Longren David C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 604 | $47.63 | $29K |
Holdings After Transaction:
Common Stock — 98,821 shares (Direct)
Footnotes (1)
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Key Figures
Shares granted: 604 shares
Grant valuation price: $47.63 per share
Direct holdings after grant: 98,821 shares
+1 more
4 metrics
Shares granted
604 shares
Grant of restricted stock units as director fees on 2026-07-15
Grant valuation price
$47.63 per share
Per-unit value for the 604-share restricted stock unit award
Direct holdings after grant
98,821 shares
Total common stock directly owned by David C. Longren following the transaction
Reported grants in filing
1 grant
Single grant/award acquisition transaction (code A) reported in this Form 4
Key Terms
restricted stock units, director fees, cessation of service as a director
3 terms
restricted stock units financial
"Payment of director fees in restricted stock units, which vested immediately"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
director fees financial
"Payment of director fees in restricted stock units, which vested immediately"
cessation of service as a director financial
"not paid out until six months after the Reporting Person's cessation of service as a director"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Zurn Elkay (ZWS) director David C. Longren report?
David C. Longren reported receiving 604 restricted stock units representing Zurn Elkay common stock as payment of director fees. The units were valued at $47.63 per unit, vested immediately, and will be settled in shares after his board service ends.
At what value were the Zurn Elkay (ZWS) director fee units recorded?
The 604 restricted stock units granted to David C. Longren were recorded at $47.63 per unit. This valuation applies to the entire grant reported as payment of director fees in Zurn Elkay common stock equivalents.
How are David C. Longren’s Zurn Elkay (ZWS) director fees structured in this transaction?
His director fees are paid in restricted stock units that vested immediately but are not paid out until six months after his cessation of service as a director, deferring the actual share delivery while recognizing the award now.
Was the Zurn Elkay (ZWS) Form 4 a market purchase or sale by David C. Longren?
The Form 4 reports a grant/award acquisition (transaction code A), not an open-market purchase or sale. It reflects compensation in restricted stock units for director fees rather than discretionary trading in Zurn Elkay shares.