Officer/Director Todd Adams Files Intent to Sell $14M in Zurn Elkay Shares
summarizeSummary
Officer and Director Todd Adams has filed a Form 144 indicating intent to sell 270,000 shares of Zurn Elkay Water Solutions common stock, valued at approximately $14 million, following a recent restricted stock vesting.
check_boxKey Events
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Officer/Director Files Intent to Sell
Todd Adams, an Officer and Director, filed a Form 144 to sell 270,000 shares of common stock.
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Significant Value
The proposed sale is valued at approximately $13.98 million.
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Follows Recent Vesting and Prior Sale
The shares were acquired through restricted stock vesting on February 6, 2026. This filing also confirms a prior sale of 263,347 shares by Mr. Adams on February 9, 2026, for $13.87 million.
auto_awesomeAnalysis
This Form 144 filing by Todd Adams, an Officer and Director, signals a significant disposition of shares, valued at nearly $14 million. The proposed sale follows the vesting of restricted stock on February 6, 2026, and comes shortly after the company reported strong financial performance in its recent 10-K. This filing also confirms a prior sale of 263,347 shares by Mr. Adams on February 9, 2026, indicating a pattern of substantial share dispositions by a key executive. While sales related to vesting are common, the cumulative value of these transactions is notable, especially as the stock trades near its 52-week high.
At the time of this filing, ZWS was trading at $51.73 on NYSE in the Technology sector, with a market capitalization of approximately $8.7B. The 52-week trading range was $27.74 to $53.17. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.