Zurn Elkay (NYSE: ZWS) CFO nets shares after PSU vesting

Rhea-AI Filing Summary

Zurn Elkay Water Solutions Corp. Chief Financial Officer David J. Pauli reported equity activity tied to long-term incentives. On February 6, 2026, he acquired 15,778 shares of common stock for no consideration upon vesting of performance stock units based on a three-year performance period from January 1, 2023 to December 31, 2025, including dividend equivalent shares. On February 10, 2026, he sold 7,639 shares of common stock at a weighted average price of $51.80 per share to satisfy tax withholding obligations and related fees from that vesting. After these transactions, he directly owned 66,807 common shares and an additional 794 shares through a 401(k) plan. He also held fully vested stock options to purchase 13,816, 5,757, and 6,136 shares at exercise prices of $11.37, $14.22, and $33.05, expiring in 2027, 2028, and 2031.

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^*

Pauli David J

(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)
	Chief Financial Officer

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		15,778	A	(1)	74,446	D
Common Stock	02/10/2026		S		7,639(2)	D	$51.8(3)	66,807	D
Common Stock								794	I	By 401(k) Plan(4)

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
Stock Option (right to buy)	$11.37							(5)	05/19/2027	Common Stock	13,816		13,816	D
Stock Option (right to buy)	$14.22							(5)	05/25/2028	Common Stock	5,757		5,757	D
Stock Option (right to buy)	$33.05							(5)	10/05/2031	Common Stock	6,136		6,136	D

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

5. Option fully vested.

Remarks:

	/s/ Jeffrey J. LaValle under Power of Attorney for David J. Pauli	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) CFO David Pauli report?

David J. Pauli reported vesting of 15,778 performance-based common shares on February 6, 2026, at no cost. On February 10, 2026, he sold 7,639 shares at a weighted average price of $51.80, primarily to cover tax withholding and related fees.

How many Zurn Elkay (ZWS) shares does the CFO own after these transactions?

After the reported transactions, David J. Pauli directly owned 66,807 shares of Zurn Elkay common stock. He also held 794 additional shares indirectly through a 401(k) plan, based on information provided by the trustee of that retirement plan.

Why did the Zurn Elkay (ZWS) CFO sell 7,639 shares on February 10, 2026?

The 7,639 shares sold on February 10, 2026, were disposed of to satisfy tax withholding obligations and related fees. These obligations arose in connection with the vesting of performance stock units and related dividend equivalent shares previously awarded to the executive.

What was the sale price for the Zurn Elkay (ZWS) CFO’s February 10, 2026 share sale?

The February 10, 2026 sale was executed in multiple trades at prices between $51.48 and $52.16. The Form 4 reports a weighted average sale price of $51.80 per share for the 7,639 common shares sold by the CFO.

What performance period was used for the Zurn Elkay (ZWS) performance stock units that vested?

The performance stock units that vested on February 6, 2026 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, including related dividend equivalent rights.

What stock options does the Zurn Elkay (ZWS) CFO hold according to this Form 4?

The filing shows fully vested stock options to buy 13,816 shares at $11.37, 5,757 shares at $14.22, and 6,136 shares at $33.05. These options are exercisable through expiration dates in 2027, 2028, and 2031, respectively.