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

Rhea-AI Filing Summary

Suzanne G. Smith, a former VP and Chief Accounting Officer of Mueller Water Products, Inc. (MWA), reported a sale of company common stock on 08/15/2025. The filing shows 8,621 shares were disposed of (transaction code S) at an average price of $26.3719 per share, with transaction prices ranging between $26.330 and $26.430. After the sale, the reporting person beneficially owned 761.3736 shares, which the filing notes were acquired under the company’s Employee Stock Purchase Plan (ESPP). The Form 4 was executed by an attorney-in-fact on 08/18/2025.

Positive

• Clear disclosure of sale details including date, number of shares, and average price with specified price range
• Remaining shares are identified as acquired under the company ESPP, clarifying source of ownership

Negative

• None.

Insights

Securities Analyst

TL;DR Insider sold 8,621 MWA shares at about $26.37 and retains 761.37 shares from the ESPP; transaction appears routine.

The sale is reported under Code S, indicating a sale rather than a rule-based plan execution in this filing. The reported average price reflects multiple sale prices between $26.330 and $26.430. The remaining beneficial ownership of 761.3736 shares is explicitly tied to the ESPP, a common employee liquidity source. There are no derivative transactions or additional material changes disclosed. Given the data in the filing, this appears to be an individual liquidity event rather than a company-level development.

Corporate Governance Expert

TL;DR Filing documents a straightforward insider sale by a former officer; disclosure is complete with footnotes on pricing and ESPP origin.

The Form 4 includes required explanatory footnotes specifying that the sale prices were averaged across multiple trades and that retained shares were acquired via the ESPP. Signature by an attorney-in-fact is present and dated, satisfying procedural requirements. There is no indication of unusual trading patterns, accelerations, or execution under a disclosed 10b5-1 plan in this filing. From a governance perspective, the filing meets standard disclosure obligations without additional governance signals.

08/18/2025 - 06:54 PM

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
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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)
08/15/2025

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	08/15/2025		S		8,621	D	$26.3719(1)	761.3736(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. The price reported in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $26.330 to $26.430, inclusive. The reporting person undertakes to provide to Mueller Water Products, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

2. These shares were acquired under the Employee Stock Purchase Plan ("ESPP").

	/s/ Barbara A. Smucygz, Attorney-in-Fact	08/18/2025
	** 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 Suzanne G. Smith sold 8,621 shares of Mueller Water Products common stock on 08/15/2025 at an average price of $26.3719 per share.

How many MWA shares does the reporting person own after the sale?

Following the reported transaction, the filing shows beneficial ownership of 761.3736 shares.

Were the retained shares acquired through compensation or a company plan?

Yes. The filing states those shares were acquired under the company’s Employee Stock Purchase Plan (ESPP).

What price range were the sold MWA shares executed at?

The filing discloses the sale prices ranged from $26.330 to $26.430, and the reported price is an average.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Barbara A. Smucygz, Attorney-in-Fact on 08/18/2025.