Mueller Water Products (MWA) CEO receives new RSU and option grants

Rhea-AI Filing Summary

Mueller Water Products President and CEO Paul McAndrew reported equity awards granted on February 10, 2026. He acquired 20,250 restricted stock units, each representing one share of common stock that will vest in three equal annual installments starting one year after the grant date.

He was also granted 61,800 stock options with an exercise price of $29.45 per share, vesting in three equal annual installments on each anniversary of the grant date. After these awards, he directly beneficially owns 73,119 shares of common stock and 61,800 stock options.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider McAndrew Paul

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	61,800	$0.00	--
Grant/Award	Restricted Stock Unit	20,250	$0.00	--

Holdings After Transaction: Stock Option (Right to Buy) — 61,800 shares (Direct); Restricted Stock Unit — 73,119 shares (Direct)

Footnotes (1)

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.

Form 4 Insider Transactions: What Each Field Means →

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

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^*

McAndrew Paul

(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)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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
Restricted Stock Unit	02/10/2026		A		20,250(1)	A	$0.0000	73,119	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)	$29.45	02/10/2026		A		61,800		(2)	02/10/2036	Common Stock	61,800	$0.0000	61,800	D

Explanation of Responses:

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.

2. 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	02/12/2026
	** 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 insider transactions did Mueller Water Products (MWA) report for Paul McAndrew?

Mueller Water Products reported that President and CEO Paul McAndrew received equity awards on February 10, 2026. He was granted 20,250 restricted stock units and 61,800 stock options as part of his compensation, both vesting in three equal annual installments.

How many restricted stock units did the Mueller Water Products CEO receive?

The CEO received a grant of 20,250 restricted stock units on February 10, 2026. 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.

What are the terms of Paul McAndrew’s stock options at Mueller Water Products (MWA)?

Paul McAndrew was granted 61,800 stock options with a $29.45 exercise price on February 10, 2026. These options vest in three equal annual installments on each anniversary of the grant date and are exercisable for Mueller Water Products common stock through February 10, 2036.

How many Mueller Water Products shares does the CEO beneficially own after this Form 4?

After the reported grants, Paul McAndrew beneficially owns 73,119 shares of Mueller Water Products common stock directly. In addition, he holds 61,800 stock options, all reported as directly owned following the February 10, 2026 equity awards.

When do the restricted stock units granted to the Mueller Water Products CEO vest?

The restricted stock units vest in three equal annual installments starting one year after the February 10, 2026 grant date. Each installment converts into Mueller Water Products common shares, assuming continued eligibility under the company’s Third Amended and Restated 2006 Stock Incentive Plan.

Under which plan were the restricted stock units for Mueller Water Products’ CEO granted?

The restricted stock units were granted under the Mueller Water Products, Inc. Third Amended and Restated 2006 Stock Incentive Plan. Each unit is a contingent right to receive one share of common stock when the applicable vesting restrictions lapse over three years.