Mueller Water Products Form 4: Former CAO disposes 8,621 shares at ~$26.37
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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,621 | $26.3719 | $227K |
Footnotes (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. These shares were acquired under the Employee Stock Purchase Plan ("ESPP").