Mark W. Peterson, Chief Administrative Officer of Zurn Elkay Water Solutions Corp (NYSE:ZWS), sold 35,267 shares of company stock on February 10, 2026, realizing approximately $1.8 million in proceeds. The transactions were carried out at a weighted average price of $51.80 per share, with individual trades executed in a price band from $51.48 to $52.16, according to a Form 4 filing with the Securities and Exchange Commission.
The Form 4 filing also discloses that Peterson acquired 73,628 shares of common stock on February 6, 2026. That acquisition resulted from the vesting of performance stock units granted for the performance period spanning January 1, 2023, through December 31, 2025, and was described as occurring for no consideration. In addition, Peterson received 5,874 restricted stock units on February 10, 2026; those restricted units vest in three annual installments beginning on the first anniversary of the grant date, subject to continued employment.
After accounting for these movements, Peterson's holdings are recorded as 333,739 shares of Zurn Elkay Water Solutions common stock held directly, plus an indirect holding of 5,303 shares through a 401(k) plan. The filing further shows Peterson has options outstanding to acquire 33,481 shares.
These insider transactions coincide with recent operational and market updates from Zurn Water Solutions. The company reported quarterly revenue of $407.2 million, topping Stifel's estimate of $401.6 million and the consensus figure of $400.8 million. Adjusted EBITDA came in at $104.1 million, above the expected $101.0 million.
Following the results, Stifel reiterated its Buy rating on the stock and maintained a price target of $54.00. Jefferies entered coverage with a Buy rating and set a price target of $58.00, calling attention to the company's potential to benefit from increased adoption of filtered drinking water and citing strong free cash flow as a positive factor.
In addition to the operational and analyst developments, Zurn Elkay Water Solutions 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.
These filings and corporate updates together provide a snapshot of recent management compensation events, insider liquidity, and company performance metrics. The disclosures show both the mechanics of equity compensation - performance stock unit vesting and restricted stock unit grants - and the subsequent partial monetization by an executive. At the same time, the company has released quarterly financial results and received supportive analyst coverage and price targets from two firms.