Form 4: Mueller Water Products EVP and COO Paul McAndrew Reports Stock Disposal for Tax Obligations
SEC Filing
Paul McAndrew, EVP and COO of Mueller Water Products, disposed of 4,909 shares of common stock on February 26, 2024, to cover tax liabilities related to the vesting of restricted stock units.
Summary
- On February 26, 2024, Paul McAndrew, the EVP and COO of Mueller Water Products, disposed of 4,909 shares of the company's common stock.
- The transaction was executed to cover the tax liability resulting from the vesting of restricted stock units.
- The shares were disposed of at a price of $15.75 per share.
- Following the transaction, McAndrew directly owns 16,595 shares of Mueller Water Products.
- The transaction was reported on a Form 4 filing with the SEC on February 28, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of executive compensation and are used to disclose transactions in company stock by insiders. This filing indicates a standard process of covering tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock disposal to cover tax liability. |
| 02/28/2024 | Date of Form 4 filing with the SEC. |
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