[Form 3] Mueller Water Products, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Richelle R. Feyerherm, Vice President, CAO and Corporate Controller of Mueller Water Products, Inc. (MWA), filed a Form 3 disclosing initial beneficial ownership. The filing shows 2,918 shares of common stock directly owned and 5,618 restricted stock units that convert to common shares when restrictions lapse. She also holds multiple stock options exercisable for a total of 37,329 shares across five grants with exercise prices ranging from $11.41 to $25.58 per share and staggered exercisability dates between 2030 and 2034. The restricted stock units and options vest in equal annual installments over three years per the company plans.

Insights

Securities Analyst

TL;DR: Disclosure shows officer ownership through shares, RSUs and multiple option grants with multi-year vesting; routine insider reporting.

The Form 3 documents initial beneficial ownership for a named officer, detailing direct common shares, restricted stock units that convert to common shares upon lapse of restrictions, and five separate stock option grants with specified exercise prices and exercisability/expiration dates. The vesting schedules are standard, described as three equal annual installments. For investors, this provides transparency on insider alignment and potential future share issuance when RSUs vest or options are exercised.

Corporate Governance Expert

TL;DR: Filing is a routine initial statement for an officer, specifying equity holdings and plan-based vesting terms.

The report identifies the reporting person
s role as VP, CAO and Corporate Controller and lists equity types and quantities: direct common stock, RSUs granted under the company
s stock incentive plan, and multiple stock options with grant and exercisable/expiration dates. The explanatory notes clarify plan mechanics and vesting in three equal annual installments. The filing meets Section 16(a) disclosure requirements for governance transparency.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Feyerherm Richelle R.

(Last) (First) (Middle)

1200 ABERNATHY RD., NE

SUITE 1200

(Street)

ATLANTA GA 30328

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/15/2025

3. Issuer Name and Ticker or Trading Symbol
Mueller Water Products, Inc. [ MWA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, CAO and Corp. Controller

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,918	D
Restricted Stock Unit	5,618(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	(2)	11/29/2032	Common Stock	9,021	$11.41	D
Stock Option (Right to Buy)	(3)	12/02/2030	Common Stock	8,058	$11.86	D
Stock Option (Right to Buy)	(4)	11/28/2033	Common Stock	7,953	$13.22	D
Stock Option (Right to Buy)	(5)	11/30/2031	Common Stock	8,058	$13.64	D
Stock Option (Right to Buy)	(6)	12/03/2034	Common Stock	4,239	$25.58	D

Explanation of Responses:

1. Acquisition is pursuant to grant of restricted stock units under the Mueller Water Products, Inc. Second Amended and Restated 2006 Stock Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of Mueller Water Products, Inc. Common Stock when restrictions lapse. Lapses generally occur in three (3) equal, annual installments beginning on the first anniversary of the grant date.

2. Stock options vest in three (3) equal, annual installments on the anniversary of the grant date. This option was granted on November 29, 2022.

3. Stock options vest in three (3) equal, annual installments on the anniversary of the grant date. This option was granted on December 2, 2020.

4. Stock options vest in three (3) equal, annual installments on the anniversary of the grant date. This option was granted on November 28, 2023.

5. Stock options vest in three (3) equal, annual installments on the anniversary of the grant date. This option was granted on November 30, 2021.

6. Stock options vest in three (3) equal, annual installments on the anniversary of the grant date. This option was granted on December 3, 2024.

Remarks:

feyerhermpoa.txt

	/s/ Barbara A. Smucygz, Attorney-in-Fact	08/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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