Director receives 660-share equity grant at Zurn Elkay (NYSE: ZWS)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zurn Elkay Water Solutions Corp director George C. Moore reported receiving an equity grant tied to his board compensation. On this Form 4, he acquired 660 shares of Common Stock at $47.39 per share as a grant/award, not an open-market purchase.
After this award, Moore directly holds 120,292 shares of Zurn Elkay common stock. According to the footnote, the grant represents payment of director fees in restricted stock units, which vested immediately but will not be paid out until six months after he stops serving as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MOORE GEORGE C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 660 | $47.39 | $31K |
Holdings After Transaction:
Common Stock — 120,292 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 660 shares
Grant price per share: $47.39 per share
Post-transaction holdings: 120,292 shares
3 metrics
Equity grant size
660 shares
Director fee grant on Common Stock
Grant price per share
$47.39 per share
Recorded value of the 660-share award
Post-transaction holdings
120,292 shares
Direct holdings after the grant
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"
FAQ
What insider transaction did Zurn Elkay (ZWS) director George C. Moore report?
Director George C. Moore reported an equity grant of 660 shares of Zurn Elkay common stock. The grant was recorded at $47.39 per share as compensation, increasing his direct holdings to 120,292 shares after the transaction.
Was the ZWS insider transaction a market purchase or a compensation grant?
The ZWS insider transaction was a compensation-related grant, not a market purchase. George C. Moore received 660 shares as payment of director fees in restricted stock units, rather than buying shares on the open market.
How are the ZWS director fees structured in this Form 4 filing?
Director fees are paid in restricted stock units that convert into ZWS common stock. The 660-unit grant vested immediately but will not be paid out until six months after George C. Moore’s cessation of service as a director, according to the footnote.
Do the restricted stock units in this ZWS filing vest immediately?
Yes, the restricted stock units described in the filing vested immediately. However, the footnote explains that payment in common stock will occur only six months after George C. Moore’s service as a director ends, creating a deferred payout structure.