Form 4: Mueller Water Products SVP and CFO Melissa Rasmussen Reports Acquisition of Restricted Stock Units and Stock Options

Melissa Rasmussen, SVP and CFO of Mueller Water Products, reports the acquisition of restricted stock units and stock options.

Summary

• On March 3, 2025, Melissa Rasmussen, SVP and CFO of Mueller Water Products, acquired 29,772 restricted stock units (RSUs) and an additional 7,691 RSUs.
• These 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 common stock, vesting in three equal annual installments starting on the first anniversary of the grant date.
• Rasmussen also acquired 21,198 stock options with an exercise price of $25.19, which vest in three equal annual installments on the anniversary of the grant date and expire on March 3, 2035.
• Following these transactions, Rasmussen directly owns 37,463 restricted stock units and 21,198 stock options.

Sentiment

Score: 7

Explanation: The document reflects a routine equity grant, indicating confidence in the executive and aligning interests with shareholders. It's a neutral to slightly positive event.

Positives

• The grant of RSUs and stock options aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

Executive compensation through equity grants is a common practice in publicly traded companies to incentivize performance and align management's interests with shareholders.

Comparison to Industry Standards

• Equity compensation packages for CFOs in similar-sized companies in the water infrastructure sector typically include a mix of stock options and restricted stock units.
• The vesting schedules are generally structured to encourage long-term retention, often over a three-to-five year period, which is consistent with the vesting terms described in the document.
• Comparisons can be made to companies like Xylem, Inc. and Badger Meter, Inc., which also utilize similar equity-based compensation strategies for their executive teams.

Stakeholder Impact

• Shareholders may view the equity grants positively as they align management's interests with the company's long-term performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates