Form 4: Mueller Industries EVP, CFO & Treasurer Acquires 28,000 Shares of Common Stock

Jeffrey Andrew Martin, EVP, CFO & Treasurer of Mueller Industries, acquired 28,000 shares of common stock on August 5, 2024.

Summary

• On August 5, 2024, Jeffrey Andrew Martin, the EVP, CFO & Treasurer of Mueller Industries Inc., acquired 28,000 shares of common stock.
• The acquisition was performance-based restricted stock.
• The price per share was $0.
• Following the transaction, Martin directly owns 342,958 shares of Mueller Industries Inc.
• The performance period for the restricted stock is from December 31, 2023, through December 26, 2026.
• The vesting date for the shares is July 30, 2027.
• The amount of shares earned can range from 0% to 200% of the target amount, based on the company's performance against an adjusted EBITDA target.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing regarding a stock transaction by an executive. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The number of shares that will vest in July 2027 will depend on the company's performance against an adjusted EBITDA target during the period from December 31, 2023 through December 26, 2026.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the holdings of key executives.

Stakeholder Impact

• The acquisition of shares by a key executive could be viewed positively by shareholders, as it aligns the executive's interests with the company's performance.

Key Dates