Form 4: Mueller Water Products Former EVP Steven Heinrichs Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Former Mueller Water Products executive Steven Heinrichs exercised stock options and sold shares of common stock on March 5, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 5, 2025, Steven S. Heinrichs, a former EVP, CFO, CLO, and CCO of Mueller Water Products, Inc., executed stock options and sold shares of common stock.
- Heinrichs acquired a total of 126,604 shares of common stock through the exercise of stock options at prices ranging from $11.41 to $13.64.
- He then sold a total of 156,844 shares of common stock at weighted average prices ranging from $24.8772 to $24.93 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on December 4, 2024.
- Following these transactions, Heinrichs directly owns 11,398.651 shares of Mueller Water Products common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. The use of a 10b5-1 plan suggests the transactions were pre-planned and not based on any sudden change in the insider's view of the company.
Industry Context
Form 4 filings are a routine part of the regulatory landscape, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan suggests the insider planned these transactions in advance to avoid accusations of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| 2024-12-04 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-03-05 | Date of stock option exercise and share sales |
| 2030-12-02 | Expiration date of some stock options |
| 2031-11-30 | Expiration date of some stock options |
| 2032-11-29 | Expiration date of some stock options |
| 2033-11-28 | Expiration date of some stock options |
| 2025-03-07 | Date of Form 4 filing |
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