Mueller Water (MWA) EVP granted stock options and RSUs in new equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Floyd Scott P. reported acquisition or exercise transactions in this Form 4 filing.
Mueller Water Products EVP & Chief Commercial Officer Floyd Scott P. reported equity awards structured as long-term incentives. He received a grant of 2,979 stock options with a right to buy common shares, and 1,056 restricted stock units.
The restricted stock units each represent one share of common stock and will lapse in three equal annual installments starting on the first anniversary of the grant date. The stock options will also vest in three equal annual installments on each anniversary of the grant date, aligning his compensation with multi-year company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Floyd Scott P.
Role
EVP & Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 2,979 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 1,056 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 2,979 shares (Direct);
Restricted Stock Unit — 36,607 shares (Direct)
Footnotes (1)
- Acquisition is pursuant to grant of restricted stock units under the Mueller Water Products, Inc. Third 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. The stock options will vest in three (3) equal, annual installments on the anniversary of the grant date.
FAQ
What insider transactions did Mueller Water Products (MWA) report for Floyd Scott P.?
Floyd Scott P., EVP & Chief Commercial Officer, reported grants of stock options and restricted stock units. He acquired 2,979 stock options and 1,056 restricted stock units as part of his equity-based compensation package, all subject to multi-year vesting conditions tied to continued service.
How many restricted stock units were granted to the MWA executive in this Form 4?
The executive received a grant of 1,056 restricted stock units. Each unit represents a contingent right to one share of Mueller Water Products common stock, vesting in three equal annual installments beginning on the first anniversary of the grant date, subject to the plan’s terms.
What are the vesting terms for Floyd Scott P.’s restricted stock units at Mueller Water Products (MWA)?
The restricted stock units vest in three equal, annual installments. The first installment occurs on the first anniversary of the grant date, with additional installments on the following two anniversaries, creating a three-year vesting schedule that encourages longer-term alignment with shareholder interests.
What are the vesting terms for the stock options granted to the Mueller Water Products (MWA) executive?
The stock options vest in three equal, annual installments. Each installment vests on the anniversary of the grant date, spreading vesting over three years and tying the executive’s potential option gains to sustained performance and continued employment over that period.
What type of securities were granted to the MWA EVP & Chief Commercial Officer in this filing?
He was granted stock options and restricted stock units. The options are labeled as a “Stock Option (Right to Buy),” and the restricted stock units each represent a contingent right to receive one share of Mueller Water Products common stock upon vesting under the company’s stock incentive plan.
Under which plan were the Mueller Water Products (MWA) restricted stock units granted?
The restricted stock units were granted under the Mueller Water Products, Inc. Third Amended and Restated 2006 Stock Incentive Plan. This plan governs the terms, vesting conditions, and settlement of equity awards granted to eligible participants, including senior executives such as Floyd Scott P.