Troutman Michael 4
Research Summary
AI-generated summary
ZWS CIO Michael Troutman Sells 919 Shares
What Happened
Michael Troutman, Chief Information Officer of Zurn Elkay Water Solutions Corp. (ZWS), sold 919 shares in an open-market transaction on 2026-02-11 for a weighted average price of $51.67, generating roughly $47,485. The filing indicates the sale was to satisfy tax withholding and related fees tied to the vesting of restricted stock units (RSUs), so this is a routine sale rather than a discretionary cash purchase.
Key Details
- Transaction type: Sale (S) to satisfy tax withholding on RSU vesting (footnote F1).
- Date reported / Period of report: Transaction on 2026-02-11; Form 4 filed 2026-02-13 (timely filing).
- Price: Weighted average $51.67; executed in multiple trades at prices ranging $51.30–$52.37 (footnote F2).
- Shares disposed: 919; proceeds ≈ $47,485.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Additional note: Filing includes footnote F3 referencing information from the trustee of the 401(k) Plan.
Context
This was a sell-to-cover tax-withholding event tied to RSU vesting (common and generally routine). Such transactions are typically administrative and do not necessarily indicate a change in the insider’s view of the company.