Mueller Water Products (MWA) officer awarded RSUs, options and shares in Form 4

Rhea-AI Filing Summary

Mueller Water Products executive reports new equity awards and option grant. A company officer, serving as VP, Chief Accounting Officer and Corporate Controller, disclosed several equity transactions dated 12/02/2025. The filing shows an acquisition of 7,263 shares of common stock at $0.0000 per share from performance-based restricted stock units that vested after a three-year period tied to relative total shareholder return and return on invested capital, bringing direct ownership of common stock to 12,629 shares.

The officer also received a new grant of 1,839 restricted stock units at $0.0000 per unit under the company’s stock incentive plan, increasing the restricted stock unit balance to 15,371 units. In addition, the officer was granted 5,652 stock options with an exercise price of $24.46 per share, exercisable until 12/02/2035, which will vest in three equal annual installments on each anniversary of the grant date.

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

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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^*

Feyerherm Richelle R.

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

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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	12/02/2025		A		7,263(1)	A	$0.0000	12,629	D
Restricted Stock Unit	12/02/2025		A		1,839(2)	A	$0.0000	15,371	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
Stock Option (Right to Buy)	$24.46	12/02/2025		A		5,652		(3)	12/02/2035	Common Stock	5,652	$0.0000	5,652	D

Explanation of Responses:

1. Acquisition is pursuant to the grant of performance-based restricted stock units under the Mueller Water Products, Inc. Amended and Restated 2006 Stock Incentive Plan. Units were earned based on the Company's rTSR and ROIC performances during a three-year performance period that vested on the last day of the award cycle. Excludes shares withheld to satisfy tax obligations.

2. 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 (1) share of Mueller Water Products, Inc. Common Stock when the restrictions lapse. The lapse occurs in three (3) equal, annual installments beginning on the first anniversary of the grant date.

3. The stock options will vest in three (3) equal, annual installments on the anniversary of the grant date.

	/s/ Barbara A. Smucygz, Attorney-in-Fact	12/04/2025
	** 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).
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FAQ

What insider transaction did Mueller Water Products (MWA) report on 12/02/2025?

The report shows a company officer acquired 7,263 shares of Mueller Water Products common stock and 1,839 restricted stock units, and received 5,652 stock options dated 12/02/2025.

Who is the reporting person in this Mueller Water Products (MWA) Form 4 filing?

The reporting person is an officer of Mueller Water Products serving as VP, Chief Accounting Officer and Corporate Controller, filing individually as one reporting person.

How many Mueller Water Products (MWA) shares does the officer own after these transactions?

Following the reported transactions, the officer beneficially owns 12,629 shares of Mueller Water Products common stock directly, plus 15,371 restricted stock units.

What are the key terms of the new restricted stock units granted by Mueller Water Products (MWA)?

The officer was granted 1,839 restricted stock units. Each unit represents a contingent right to receive one share of common stock, vesting in three equal annual installments beginning on the first anniversary of the grant date.

What performance conditions applied to the vested performance-based restricted stock units at Mueller Water Products (MWA)?

The 7,263 shares were earned under performance-based restricted stock units tied to the company’s relative total shareholder return (rTSR) and return on invested capital (ROIC) over a three-year performance period that ended on the last day of the award cycle.

What are the details of the Mueller Water Products (MWA) stock options granted in this filing?

The officer received 5,652 stock options with an exercise price of $24.46 per share, expiring on 12/02/2035. These options vest in three equal annual installments on each anniversary of the grant date.