Form 4: Mueller Water Products Executive Sells Shares to Cover Tax Obligations

A Mueller Water Products executive sold 460 shares of common stock to cover tax liabilities related to restricted stock units.

Summary

• Scott P. Floyd, a Senior Vice President at Mueller Water Products, sold 460 shares of common stock on December 2, 2024.
• The sale was executed to cover tax obligations arising from the vesting of restricted stock units.
• The shares were sold at a price of $25.58 per share.
• Following the transaction, Mr. Floyd beneficially owns 42,065.9133 shares of Mueller Water Products common stock.
• This total includes 11,254.23 shares acquired through the company's Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax liabilities are a common practice across publicly traded companies.
• The sale of 460 shares is a relatively small transaction compared to the total holdings of the executive and is not unusual.
• Many companies use restricted stock units as part of their compensation packages, and the tax implications often lead to similar sales by executives.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine sale of shares by an executive.

Key Dates

Keywords

Mueller Water Products, insider trading, stock sale, Form 4, executive compensation, restricted stock units, employee stock purchase plan