Zurn Elkay CEO Todd Adams Sells $28M in ZWS Stock — Six Insiders Unload $32M Combined
Zurn Elkay Water Solutions CEO Todd Adams sold 275,050 shares worth $28.1M on Feb 10-11, as six total insiders sold $32M. Adams' career insider sales now total $71.6 million.
Zurn Elkay Water Solutions Chairman and CEO Todd A. Adams sold 275,050 shares of ZWS stock on February 10-11, collecting $28.12 million in proceeds at approximately $51.78 per share. Five other insiders sold alongside him, bringing total C-suite selling to $31.98 million.
Six Insiders, $32M, Two Days
| Insider | Title | Transactions | Value | Shares After | Career Sales |
|---|---|---|---|---|---|
| Todd A. Adams | Chairman & CEO | 3 | $28.12M | 2,256,684 | $71.6M |
| Mark W. Peterson | Chief Administrative Officer | 2 | $2.02M | 333,739 | $24.1M |
| Jeffrey A. Schoon | President | 2 | $0.69M | 61,255 | $1.1M |
| David J. Pauli | Chief Financial Officer | 2 | $0.44M | 65,995 | $0.6M |
| Jeffrey J. LaValle | VP, General Counsel | 2 | $0.36M | 49,803 | $0.2M |
| Michael Troutman | Chief Information Officer | 2 | $0.35M | 61,775 | $17.2M |
| Total: 6 insiders, 13 transactions | $31.98M | ||||
CEO Adams: $71.6M Career Seller, Still the Largest Holder
Todd Adams has sold $71.6 million in ZWS (and predecessor Rexnord) stock over his career. Despite the massive cumulative selling, he still retains 2.26 million shares worth approximately $117 million — making him the largest individual insider holder by a wide margin.
His Feb 10 sale alone — 270,000 shares at $51.78 — was the largest single-day insider sale the company has seen in recent years. He followed it with a 5,050-share sale the next day at the same price.
CAO Peterson: $24M Career, Quiet Consistency
Mark Peterson, the Chief Administrative Officer, sold $2.02M — bringing his career total to $24.1M. He retains 333,739 shares (~$17.3M), meaning he's sold more than he currently holds.
The Newer Executives Sold Less
The contrast between the tenured executives and newer ones tells a story:
- CEO Adams (career: $71.6M) and CAO Peterson ($24.1M) — large, established selling programs
- President Schoon ($1.1M), CFO Pauli ($0.6M), and GC LaValle ($0.2M) — relatively early in their selling histories
- The newer executives' smaller career totals make their $0.3M-$0.7M sales more significant as percentages of lifetime holdings
ZWS at $52: Water Infrastructure Play
Zurn Elkay Water Solutions makes water management and safety products — filtration, water fountains, drainage, and flow control. The company has benefited from increased infrastructure spending and clean-water regulatory tailwinds.
At $52 per share, ZWS carries a market cap of approximately $9 billion. The $32M in insider selling represents a small fraction of the float, but the participation of the CEO, President, CFO, CAO, GC, and CIO paints a clear picture: the entire leadership team viewed ~$52 as a level to monetize.
CEO Adams' $28M sale is particularly notable because he led from the front — selling 88% of the group total. When the CEO sells $28 million in a single burst and five other leaders follow, the signal is hard to dismiss.
Breaking News Editor at 13F Insight. First to report on major SEC filings, institutional moves, and regulatory developments.
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