Form 4: Mueller Water Products SVP Kenji Takeuchi Reports Share Sale
SEC Form 4 Filing
Kenji Takeuchi, SVP of Water Management Solutions at Mueller Water Products, reports the sale of 6,658 shares of common stock at an average price of $19.0852.
Summary
- On May 16, 2024, Kenji Takeuchi, SVP of Water Management Solutions at Mueller Water Products, sold 6,658 shares of common stock.
- The shares were sold at an average price of $19.0852.
- Following the transaction, Takeuchi beneficially owns 28,334.238 shares of common stock, including 10,002.24 shares acquired under the Employee Stock Purchase Plan.
- Takeuchi departed the company on April 15, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. The departure of the SVP is a slightly negative factor, but the share sale itself is not inherently positive or negative.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The share sale by an executive could have a minor impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| February 14, 2024 | Date of Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission disclosing the reporting person's departure. |
| April 15, 2024 | Takeuchi's departure date from Mueller Water Products. |
| May 16, 2024 | Date of the reported transaction (sale of shares). |
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