Troutman Michael 4
Research Summary
AI-generated summary
Zurn Elkay (ZWS) CIO Michael Troutman Sells 448 Shares
What Happened
- Michael Troutman, Chief Information Officer of Zurn Elkay Water Solutions Corp (ZWS), reported an open-market sale of 448 shares on 2026-02-17. The shares were disposed at a weighted average price of $50.80 per share for total proceeds of $22,758. This was a sale (routine disposition) rather than a purchase.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (filed within the usual 2-business-day Form 4 window).
- Price: weighted average $50.80; executions ranged from $50.63 to $50.96 (multiple trades).
- Shares sold: 448; total reported proceeds: $22,758.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 indicates the shares were sold to satisfy tax-withholding obligations related to the vesting of restricted stock units (RSUs). F2 notes the reported price is a weighted average and detailed trade-by-trade info is available on request. F3 references information provided by the 401(k) plan trustee.
- Transaction codes: S = sale; F (per footnote) = tax withholding.
Context
- Sales to cover tax withholding on vested RSUs are common and typically routine administrative transactions; they do not necessarily reflect a change in the insider’s view of the company. Purchases generally carry more interpretive weight for investors.