Transaction details
Mark W. Peterson, chief administrative officer of Zurn Elkay Water Solutions Corp (NYSE: ZWS), executed the sale of 2,006 shares of common stock on February 17, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $50.86, producing gross proceeds of $102,025. The trades were carried out in multiple executions at prices ranging from $50.65 to $51.22.
Post-sale holdings and option position
Following the disposition, Peterson directly holds 333,814 shares of Zurn Elkay common stock. In addition to those holdings, he indirectly owns 5,303 shares through participation in a 401(k) plan. The filing also shows that Peterson has options to purchase 33,481 shares of the company's common stock at an exercise price of $33.05. Those options are fully vested and carry an expiration date of October 5, 2031.
Reason for the sale
The Form 4 indicates the share sale was conducted to satisfy tax-withholding obligations and related fees associated with the vesting of restricted stock units. The filing does not indicate any other motivation for the transaction.
Market context
The insider sale took place as Zurn Elkay's stock was trading near its 52-week high of $53.17. Over the past year the shares have delivered a total return of approximately 45%.
Recent financial results and analyst commentary
In related corporate developments, Zurn Water Solutions reported quarterly revenue of $407.2 million. That top-line figure exceeded both Stifel’s internal estimate of $401.6 million and the Street consensus of $400.8 million. Adjusted EBITDA came in at $104.1 million, topping the anticipated $101.0 million.
Following the results and the company’s 2026 guidance, Stifel reiterated a Buy rating on Zurn Water Solutions and maintained a price target of $54. Separately, Jefferies initiated coverage with a Buy rating and a $58 price target, citing the company’s position in the filtered drinking water market and its strong free cash flow.
Dividend announcement
Zurn Elkay declared a quarterly cash dividend of $0.11 per share, payable on March 6, 2026, to stockholders of record as of February 20, 2026.
Takeaway
The Form 4 filing documents a routine insider sale tied to tax and fee obligations arising from equity vesting. The transaction coincides with favorable company results and positive analyst coverage, alongside a declared quarterly dividend. The filing and the company disclosures together present a snapshot of current insider activity, capital allocation and analyst sentiment for Zurn Elkay.