Mueller Water Products insider withheld 562 shares to cover RSU taxes

Rhea-AI Filing Summary

Suzanne G. Smith, identified as a former VP and CAO of Mueller Water Products, Inc. (MWA), reported a change in beneficial ownership related to restricted stock units that vested on 08/25/2025. The filing shows 562 shares were disposed of at $26.88, with an explanatory note that those shares were withheld to cover the tax liability on the lapse of the restrictions. After the transaction, Ms. Smith is reported to beneficially own 2,051.3055 shares directly, which the filing says includes 763.31 shares acquired under the company’s Employee Stock Purchase Plan. The Form 4 was signed by an attorney-in-fact on 08/27/2025.

Positive

• Timely disclosure of insider transaction via Form 4
• Explanation provided that shares were withheld to cover tax liability on vested RSUs
• Continued direct ownership of 2,051.3055 shares after the transaction

Negative

• Reduction in holdings by 562 shares due to withholding/disposition
• No indication of broader insider accumulation; remaining stake is modest

Insights

Corporate Governance Expert

TL;DR: Filing documents a routine tax-withholding disposition after RSU vesting and confirms continued modest ownership.

The Form 4 discloses a common post-vesting action where 562 shares were withheld/disposed to satisfy tax obligations on restricted stock units. This is standard practice and does not indicate a voluntary cash sale or change in insider intent. Reported beneficial ownership of 2,051.3055 shares, including 763.31 ESPP shares, shows the reporting person retains an equity stake aligned with employees/executives who participate in compensation plans. Disclosure appears complete for the event described.

Securities Analyst

TL;DR: Transaction size is small relative to typical public-company float and is unlikely to be material to MWA investors.

The disposition of 562 shares at $26.88 reflects either withholding or a deemed disposition to satisfy tax liabilities on vested RSUs, as stated. The remaining direct ownership of ~2,051.3 shares, including ESPP-acquired shares, represents a limited personal holding. There is no indication in the filing of additional sales, pledges, or derivative positions that would alter the investor impact beyond routine compensation settlement.

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
Estimated average burden
hours per response:			0.5

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)
08/25/2025

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	08/25/2025		F		562(1)	D	$26.88	2,051.3055(2)	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. Shares were withheld to cover the tax liability on the lapse of the restrictions on restricted stock units.

2. Includes 763.31 shares acquired under the Mueller Water Products, Inc. Employee Stock Purchase Plan.

	/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 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 did Suzanne G. Smith report on Form 4 for MWA?

The Form 4 reports that 562 shares were disposed of at $26.88 on 08/25/2025, with the filing stating shares were withheld to cover tax liability on restricted stock units.

How many Mueller Water Products (MWA) shares does Suzanne G. Smith beneficially own after the transaction?

The filing reports 2,051.3055 shares beneficially owned following the reported transaction.

Does the filing indicate why the 562 shares were disposed?

Yes. The filing explains the shares were withheld to cover the tax liability on the lapse of restrictions for restricted stock units.

Are any shares from an Employee Stock Purchase Plan included in the holdings?

Yes. The filing states that the total includes 763.31 shares acquired under the Mueller Water Products Employee Stock Purchase Plan.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Barbara A. Smucygz, Attorney-in-Fact on 08/27/2025.