Form 4: Mueller Water Products COO Paul McAndrew Acquires Restricted Stock Units

Paul McAndrew, President and COO of Mueller Water Products, acquired 31,315 restricted stock units at a price of $19.16 on May 9, 2024, increasing his total holdings to 114,291 units.

Summary

• On May 9, 2024, Paul McAndrew, the President and COO of Mueller Water Products, Inc., acquired 31,315 restricted stock units (RSUs) at a price of $19.16 per unit.
• This transaction increased McAndrew's total beneficial ownership to 114,291 RSUs.
• The RSUs were granted under the company's Second Amended and Restated 2006 Stock Incentive Plan.
• Each RSU represents a contingent right to receive one share of Mueller Water Products, Inc. Common Stock when the restrictions lapse.
• The RSUs vest in full on the third anniversary of the grant date.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The acquisition of restricted stock units by a high-ranking executive like the President and COO can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The RSUs vest in full on the third anniversary of the grant date, suggesting a long-term incentive for the executive.

Industry Context

Executive compensation through stock grants is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of RSUs by a key executive could positively influence shareholder confidence.

Key Dates