ADAMS TODD A. 4

What Happened Todd A. Adams, Chairman, CEO and Director of Zurn Elkay Water Solutions Corp (ZWS), received 569,734 shares on February 6, 2026 upon vesting of performance stock units (no consideration). He subsequently sold a total of 538,397 shares in open-market transactions on February 9–10, 2026 for aggregate proceeds of about $28.12 million. The reported sales were: 263,347 shares at a weighted average $52.68 ($13,873,120), 5,050 shares at $51.80 ($261,590), and 270,000 shares at $51.78 ($13,980,600).

Key Details

• Transaction dates: Award (vest) on 2026-02-06; sales on 2026-02-09 and 2026-02-10. Filing date: 2026-02-10.
• Sale specifics and prices:
  • 263,347 shares sold at weighted avg $52.68 (total ~$13.87M). (F3: trades ranged $52.16–$53.14.)
  • 5,050 shares sold at $51.80 (total ~$261.6K). (F4: trades ranged $51.48–$52.16.)
  • 270,000 shares sold at weighted avg $51.78 (total ~$13.98M). (F5: trades ranged $51.45–$52.69.)
• Award details: 569,734 shares acquired for no consideration upon vesting of performance stock units tied to company performance for Jan 1, 2023–Dec 31, 2025 (F1).
• Purpose of some sales: Shares were sold to satisfy tax withholding obligations and related fees in connection with the PSU vesting and related dividend shares (F2, F6).
• Ownership after transaction: Not specified in the provided filing excerpt.
• Timeliness: Form filed 2026-02-10 covering transactions through 2026-02-10; appears to be a timely Form 4 filing.

Context

• The award (code A) reflects vested performance stock units converted into shares (no cash paid). The sales (code S) were executed in multiple trades; the filing reports weighted-average prices and provides trade ranges in footnotes, with an offer to supply full trade-level details on request.
• Footnotes indicate the sales were at least partly used for tax withholding—this is a common administrative step after equity awards and is explicitly noted in the filing.