PETERSON MARK W 4
Research Summary
AI-generated summary
Zurn Elkay (ZWS) Chief Administrative Officer Mark Peterson Sells Shares
What Happened
Mark W. Peterson, Chief Administrative Officer of Zurn Elkay Water Solutions Corp (ZWS), sold 3,793 shares on Feb 11, 2026 in an open-market transaction. The weighted average sale price reported was $51.48 per share, for total proceeds of about $195,264. The filing indicates the shares were sold to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs), a routine “sell-to-cover” action rather than a directional investment trade.
Key Details
- Transaction type: Sale (code S); purpose: tax withholding for RSU vesting (footnote F1).
- Date of transaction: 2026-02-11; filing date (Form 4): 2026-02-13 (filed within required two business days).
- Price details: weighted average $51.48; trades executed in multiple lots at prices ranging $51.32–$52.36 (footnote F2). Reporting person offers to provide full trade-by-trade details on request.
- Shares owned after transaction: Not specified in the provided excerpt of the filing (see full Form 4 for post-transaction holdings).
- Additional footnotes: F3 cites information from the trustee of the 401(k) Plan; F4 notes an option fully vested (as disclosed in the filing footnotes).
Context
This was a routine sell-to-cover tied to RSU vesting (tax withholding), which is common for executives receiving equity compensation and does not necessarily indicate a change in the insider’s view of the company. Purchases or large, discretionary sales are generally more informative about insider sentiment than routine withholding sales. For full ownership details and any related grant/exercise events, consult the complete Form 4 filing (Accession: 0001439288-26-000070).