PETERSON MARK W 4
Research Summary
AI-generated summary
Zurn Elkay (ZWS) CAO Mark Peterson Sells 2,006 Shares
What Happened
- Mark W. Peterson, Chief Administrative Officer of Zurn Elkay Water Solutions Corp (ZWS), sold 2,006 shares on 2026-02-17. The weighted average sale price was $50.86, for total proceeds of approximately $102,025. The filing reports the transaction as a sale (code S) executed in multiple trades.
Key Details
- Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (appears timely).
- Price: weighted average $50.86; individual trade prices ranged $50.65–$51.22.
- Shares sold: 2,006; Proceeds: ~$102,025.
- Reason (footnote): shares were sold to satisfy tax-withholding obligations related to the vesting of restricted stock units (RSUs) (F1).
- Additional footnotes: F2 confirms multiple-trade execution and offers to provide full per-trade details on request; F3 references information from the 401(k) plan trustee; F4 notes an option was fully vested (as reported).
- Shares owned after the transaction: not specified in this Form 4.
Context
- This was a sale to cover tax withholding from RSU vesting — a routine administrative sale rather than a clear signal of insider sentiment. Such tax-withholding sales are common and do not necessarily indicate the insider is reducing a strategic stake.