Mark W Peterson, SVP & Chief Financial Officer at Zurn Elkay Water (NYSE:ZWS), reported a large exercise of company stock options on November 16, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Peterson, SVP & Chief Financial Officer at Zurn Elkay Water, a company in the Industrials sector, just exercised stock options worth 119,304 shares of ZWS stock with an exercise price of $11.37.
Zurn Elkay Water shares are trading up 0.27% at $29.63 at the time of this writing on Friday morning. Since the current price is $29.63, this makes Peterson's 119,304 shares worth $3,534,977.