Zurn Elkay Water Solutions Corp 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of the Company's common stock from time to time on the open market or in privately negotiated transactions. Since putting the Repurchase Program in place, the most recent Board of Directors approval was on October 28, 2025, when the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $500.0 million. The Repurchase Program does not require the Company 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 have been expended or until it is modified or terminated by the Board of Directors. During the three months ended March 31, 2026, the Company repurchased 1,047,291 shares of common stock at a total cost of $50.0 million at an average price of $47.71 per share. The repurchased shares were canceled by the Company upon receipt. Approximately $432.1 million of the existing authority remained under the Repurchase Program at March 31, 2026. ISSUER PURCHASES OF EQUITY SECURITIES Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Approximate Dollar Value that may yet be Purchased Under the Plans or Programs Period January 1 - January 31, 2026 169,987 $ 46.57 169,987 $ 474,215,221 February 1 - February 28, 2026 281,408 $ 51.04 281,408 $ 459,847,527 March 1 - March 31, 2026 595,896 $ 46.46 595,896 $ 432,149,988 Total/Average 1,047,291 $ 47.71 1,047,291