[Form 4] Mueller Water Products, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Suzanne G. Smith, a former Vice President and Chief Accounting Officer of Mueller Water Products, Inc. (MWA), reported an insider sale on 08/28/2025. The Form 4 shows a sale (transaction code S) of 1,288 shares of the issuer's common stock at a per-share price of $26.9054. After the reported transaction, the filing states 763.3055 shares were beneficially owned by the reporting person. The filing also notes that the reported beneficial ownership figure includes 763.305536 shares acquired under the company's Employee Stock Purchase Plan (ESPP). The document was signed by an attorney-in-fact on 08/29/2025.

Positive

• Timely and specific disclosure of an insider sale (1,288 shares at $26.9054) fulfilling Section 16 reporting requirements
• Remaining beneficial ownership is quantified (763.3055 shares) and explicitly notes inclusion of ESPP-acquired shares

Negative

• Insider sale of 1,288 shares, which reduces the reporting person's stake (may be perceived negatively by some investors)
• No additional context provided regarding the reason for the sale (filing contains only transaction details)

Insights

Financial Analyst

TL;DR: Insider sale of 1,288 shares at $26.9054 is a routine disclosure that reduces reported beneficial ownership to 763.3055 shares.

The Form 4 reports a single non-derivative sale by Suzanne G. Smith on 08/28/2025 for 1,288 shares at $26.9054 per share. The filing explicitly states the post-transaction beneficial ownership total and discloses that the remaining stake includes shares from the ESPP. This is a straightforward Section 16 disclosure with no derivatives, no option exercises, and no additional compensatory transactions disclosed. From a financial data perspective, there are no earnings, debt, or valuation changes in the filing itself—only a compliance-level insider sale report.

Corporate Governance Expert

TL;DR: The filing documents an insider sale and compliant reporting; it confirms disclosure but provides no governance changes or new obligations.

The document identifies the reporting person as a former officer (Former VP and CAO) and shows a sale coded 'S' on 08/28/2025. The inclusion of ESPP-acquired shares in the remaining beneficial ownership is explicitly stated. The signature is by an attorney-in-fact on 08/29/2025, indicating the filing was executed by an authorized representative. There are no indications in the filing of departures, appointments, or material governance actions beyond the required Section 16 reporting of a securities sale.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Smith Suzanne G

(Last) (First) (Middle)

1200 ABERNATHY RD., NE

SUITE 1200

(Street)

ATLANTA GA 30328

(City) (State) (Zip)

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

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

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Former VP and CAO

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/28/2025		S		1,288	D	$26.9054	763.3055(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 763.305536 shares acquired under the Mueller Water Products, Inc. Employee Stock Purchase Plan.

	/s/ Barbara A. Smucygz, Attorney-in-Fact	08/29/2025
	** 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 4 (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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Suzanne G. Smith report for Mueller Water Products (MWA)?

The Form 4 reports a sale of 1,288 shares of MWA common stock on 08/28/2025 at a price of $26.9054 per share.

How many Mueller Water Products shares did the reporting person own after the transaction?

The filing states the reporting person beneficially owned 763.3055 shares following the reported transaction.

Does the Form 4 mention any shares acquired under an employee plan?

Yes. The filing explains that the reported beneficial ownership figure includes 763.305536 shares acquired under the Employee Stock Purchase Plan (ESPP).

When was the Form 4 signed and by whom?

The Form 4 bears a signature by Barbara A. Smucygz, Attorney-in-Fact dated 08/29/2025.

What is the relationship of the reporting person to MWA?

The reporting person is identified as a former Vice President and Chief Accounting Officer of Mueller Water Products, Inc.