David J. Pauli, Chief Financial Officer of Zurn Elkay Water Solutions Corp (NYSE: ZWS), executed a transaction on February 10, 2026, selling 7,639 shares of the company's common stock at prices between $51.48 and $52.16. According to a Form 4 filed with the Securities and Exchange Commission, the sale produced net proceeds of approximately $395,700 and lowered Pauli's direct ownership stake to 66,807 shares.
Earlier in the same week, on February 6, 2026, Pauli received 15,778 shares at no cost when performance stock units vested. Those vested PSUs included shares issued for accrued dividend equivalent rights and were tied to Zurn Elkay's performance for the period from January 1, 2023 through December 31, 2025. After the vesting event, Pauli's direct holdings rose to 74,446 shares.
The filing also shows Pauli’s broader exposure to company equity: he indirectly owns 794 shares through a 401(k) plan, and he holds stock options covering three tranches of common stock. The option positions are for 13,816 shares exercisable at $11.37 per share, 5,757 shares at $14.22 per share, and 6,136 shares at $33.05 per share.
These insider transactions coincide with Zurn Elkay reporting quarterly results that exceeded analyst expectations. The company posted revenue of $407.2 million, topping Stifel’s estimate of $401.6 million and the Street consensus of $400.8 million. Adjusted EBITDA came in at $104.1 million, above the $101.0 million forecast cited by both Stifel and the consensus.
Following the results and the company's 2026 guidance, Stifel reiterated its Buy rating for Zurn Elkay Water Solutions and maintained a $54.00 price target. Separately, Jefferies initiated coverage with a Buy rating and a $58.00 price target. In its initiation, Jefferies pointed to the company's positioning to benefit from rising adoption of filtered drinking water and highlighted strong free cash flow as a driver for potential upside via capital deployment. The firm also noted resilient institutional construction demand as a constructive factor for the business.
In addition to the operational and analyst activity, Zurn Elkay declared a quarterly cash dividend of $0.11 per share. The dividend is payable on March 6, 2026, to shareholders of record as of February 20, 2026.
Information in the Form 4 provides a clear record of Pauli's recent buy, vesting, and sell activity, and the company's quarterly performance has drawn affirmative coverage from at least two brokerages. The combination of insider transactions, executive equity incentives vesting, analyst ratings, and a declared cash dividend frames the latest developments at Zurn Elkay for investors monitoring executive activity and company fundamentals.