Zurn Elkay Water Solutions Corp 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES. As previously disclosed, following the completion of the Spin-Off Transaction with Regal, we changed our name to “Zurn Water Solutions Corporation” and shares of our common stock began to trade on the New York Stock Exchange ("NYSE") under the ticker symbol “ZWS”. Prior to the completion of the Spin-Off Transaction, our common stock was listed on the NYSE under the symbol "RXN". As of February 4, 2022, there was one holder of record of our common stock. We believe the number of beneficial owners of our common stock exceeds 1,000. Dividend Policy Following the completion of the Spin-Off Transaction, on October 21, 2021 our Board of Directors declared a quarterly cash dividend on our common stock of $0.03 per-share that was paid on December 7, 2021. The decision whether to continue to pay dividends in the future will be made by our Board of Directors in light of conditions then existing, including factors such as our results of operations, financial condition and requirements, business conditions and covenants under any applicable borrowing agreements and other contractual arrangements. Issuer Purchases of Equity Securities In fiscal 2015, our Board of Directors approved a stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $200.0 million of our common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, our Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $300.0 million. The Repurchase Program does not require us to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized has been expended or until it is modified or terminated by the Board. There were no repurchases of our common stock during the three months ended December 31, 2021 and approximately $0.9 million of repurchases of our common stock during the twelve months ended December 31, 2021. A total of approximately $162.8 million of repurchase authority remained under the Repurchase Program at December 31, 2021. 24 Performance Graph Set forth below is a line graph comparing the cumulative total shareholder return of our common stock with the Standard & Poor's (the "S&P") 500 Index and the S&P 1500 Industrials Index for the year ended December 31, 2021, the Transition Period ended December 31, 2020, and our preceding four full fiscal years. The graph assumes the value of the investment in our common stock and each index was $100 on March 31, 2016, and that all dividends were reinvested. The shareholder return shown on the graph below is not necessarily indicative of future performance and the indices included do not necessarily reflect management's opinion that such indices are an appropriate measure of the relative performance of Zurn's stock. 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 12/31/2020 12/31/2021 Zurn Water Solutions Corporation (1) $ 100.00 $ 114.14 $ 146.79 $ 124.33 $ 112.12 $ 195.30 $ 366.24 S&P 500 Index $ 100.00 $ 114.71 $ 128.21 $ 137.61 $ 125.48 $ 182.36 $ 231.40 S&P 1500 Industrials Index $ 100.00 $ 116.86 $ 131.15 $ 132.34 $ 104.54 $ 159.15 $ 191.90 (1) Zurn Water Solutions Corporation historical prices were adjusted to reflect the impact of the Spin-Off Transaction that was completed on October 4, 2021. ITEM 6. [Reserved] 25