Form 4: Mueller Water Products Executive Exercises Phantom Stock Options

A Mueller Water Products executive, Chason A. Carroll, has exercised phantom stock options, resulting in the acquisition and disposal of shares.

Summary

• Chason A. Carroll, a Senior Vice President and General Counsel at Mueller Water Products, Inc., executed a transaction involving phantom stock on December 2, 2024.
• Mr. Carroll acquired 2,954 shares of common stock through the vesting of phantom stock awards at a price of $0.
• Simultaneously, 2,954 shares of common stock were disposed of at a price of $25.58 per share.
• The phantom stock awards vest annually over a three-year period, with the third tranche vesting on December 2, 2024, due to the third anniversary falling on a weekend.
• The transaction also includes the acquisition of 7,120.90 shares under the Employee Stock Purchase Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral. The delay in vesting is minor and expected.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Phantom stock grants are a common form of executive compensation in publicly traded companies, often used to align executive interests with shareholder value.
• The vesting schedule of the phantom stock, over three years, is a typical vesting period for such grants.
• The cash settlement of phantom stock upon vesting is also a standard practice.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the vesting of previously granted compensation.

Key Dates

Keywords

phantom stock, stock options, insider trading, executive compensation, equity securities, Mueller Water Products, MWA