Mueller Water (MWA) Officer Withholds 562 Shares to Cover RSU Taxes

Rhea-AI Filing Summary

Richelle R. Feyerherm, Vice President, Chief Accounting Officer and Corporate Controller of Mueller Water Products (MWA), reported a routine disposition of company common stock tied to the lapse of restricted stock units. On 08/25/2025, 562 shares were withheld at $26.88 per share to cover tax withholding obligations, leaving 4,206 shares beneficially owned directly following the transaction. The filing states the shares were withheld specifically to satisfy tax liabilities on RSU vesting.

Insights

Financial Analyst

TL;DR: Routine tax-withholding on vested restricted stock; small net reduction in insider holdings, no material change to ownership stake.

The reported transaction is a common administrative action when restricted stock units vest. Withholding 562 shares at $26.88 reduced the reporting officer's direct holdings to 4,206 shares. This is not a sale for cash proceeds but a withholding to satisfy tax obligations, so it does not indicate a discretionary liquidity event by management. Given the size of the transaction relative to typical institutional holdings, the impact on market capitalization and governance is negligible.

Corporate Governance Expert

TL;DR: Administrative RSU tax withholding; consistent with standard equity compensation practices and disclosure requirements.

The Form 4 discloses a withholding under code F with explanatory language that shares were retained to cover tax liability on RSU lapse. The reporting person is an executive officer, and the disclosure aligns with Section 16 reporting norms. There is no indication of expedited sale or change in compensation structure from this single entry. Documentation appears complete for the described action.

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^*

Feyerherm Richelle R.

(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)
	VP, CAO and Corp. Controller

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	4,206	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.

	/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 Richelle R. Feyerherm (MWA) report on Form 4?

The Form 4 reports that 562 shares were withheld at $26.88 to satisfy tax withholding on vested restricted stock units, leaving 4,206 shares beneficially owned directly.

Was the transaction a sale or a tax-withholding event for MWA insider?

It was a tax-withholding event tied to the lapse of restricted stock units, reported under transaction code F, not a market sale for cash proceeds.

What is the reporting person's role at Mueller Water Products (MWA)?

The reporting person is Richelle R. Feyerherm, VP, Chief Accounting Officer and Corporate Controller of Mueller Water Products.

When did the reported transaction occur for MWA insider holdings?

The transaction date shown on the Form 4 is 08/25/2025.

How many shares does the reporting person own after the transaction?

After the withholding, the reporting person beneficially owns 4,206 shares directly.