Chason A. Carroll - 30 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: 30 Nov 2023
Net transactions value: -$39,245
Form type: 4
Filing time: 04 Dec 2023, 20:55:59 UTC
Previous filing: 01 Dec 2023
Next filing: 06 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	+2,953	+30%	$0.000000	12,689	30 Nov 2023	Direct	F1
transaction	MWA	Common Stock	Disposed to Issuer	$39,245	-2,953	-23%	$13.29	9,736	30 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	-2,953	-50%	$0.000000	2,954	30 Nov 2023	Common Stock	2,953		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 30, 2021 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 (2,954 shares) vested on November 30, 2022; the second tranche (2,953 shares) vested on November 30, 2023; and the third tranche (2,954 shares) will vest on November 30, 2024.