Chason A. Carroll - 29 Nov 2023 Form 4 Insider Report for Mueller Water Products, Inc. (MWA)

Role
VP, General Counsel & Corp Sec
Signature
/s/ Barbara A. Smucygz, Attorney-in-Fact
Issuer symbol
MWA
Transactions as of
29 Nov 2023
Net transactions value
-$49,229
Form type
4
Filing time
01 Dec 2023, 18:33:16 UTC
Previous filing
30 Nov 2023
Next filing
04 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MWA Common Stock Options Exercise $0 +3,707 +38% $0.000000 13,443 29 Nov 2023 Direct F1
transaction MWA Common Stock Disposed to Issuer $49,229 -3,707 -28% $13.28 9,736 29 Nov 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MWA Phantom Stock Options Exercise $0 -3,707 -33% $0.000000 7,414 29 Nov 2023 Common Stock 3,707 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of one share of Mueller Water Products, Inc. common stock on the vesting date. Shares of phantom stock are settled solely in cash upon vesting.
F2 Includes 6,430.57 shares acquired under the Mueller Water Products, Inc. Employee Stock Purchase Plan.
F3 Phantom stock granted on November 29, 2022 pursuant to the Mueller Water Products, Inc. Phantom Plan.
F4 Each share of phantom stock is the economic equivalent of one share of Mueller Water Products, Inc. common stock on the vesting date. Shares of phantom stock will be settled solely in cash upon vesting.
F5 Phantom stock awards vest annually, on a pro-rata basis, over a 3-year period. The first tranche of the award (3,707 shares) vested on November 29, 2023; the second tranche (3,707 shares) will vest on November 29, 2024; and the third tranche (3,707 shares) will vest on November 29, 2025.