Director David Longren receives 607-share stock award at Zurn Elkay (NYSE: ZWS)
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 607 shares of Common Stock as a grant on April 15, 2026, at $47.39 per share. The shares represent payment of director fees in restricted stock units that vested immediately, with payout deferred until six months after his service as a director ends. Following this grant, he holds 98,217 shares directly.
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 | 607 | $47.39 | $29K |
Holdings After Transaction:
Common Stock — 98,217 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 607 shares
Grant price: $47.39 per share
Total shares after grant: 98,217 shares
3 metrics
Shares granted
607 shares
Compensation grant on April 15, 2026
Grant price
$47.39 per share
Value used for the Common Stock award
Total shares after grant
98,217 shares
Director’s direct holdings following the transaction
Key Terms
restricted stock units, director fees, cessation of service
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 financial
"until six months after the Reporting Person's cessation of service as a director"
FAQ
What insider transaction did Zurn Elkay Water Solutions (ZWS) director David C. Longren report?
Director David C. Longren reported receiving 607 shares of Zurn Elkay Water Solutions Common Stock. The shares were granted as part of his director compensation, structured as restricted stock units that vested immediately but are payable only after his board service ends.
What does the footnote about restricted stock units mean in the ZWS Form 4?
The footnote explains that director fees were paid in restricted stock units that vested immediately. However, these units are not paid out in actual shares until six months after David C. Longren’s cessation of service as a director of Zurn Elkay Water Solutions.