Helms Todd P 4

What Happened

• Todd P. Helms, Senior Vice President and Chief Human Resources Officer of Mueller Water Products (MWA), sold 10,720 shares of company stock in an open-market transaction on March 17, 2026. The reported average sale price was $27.61 per share for a total of approximately $295,952. This was a sale (not a purchase) and thus does not indicate a bullish insider buy.

Key Details

• Transaction date: 2026-03-17.
• Sale type and amounts: Disposed 10,720 shares; reported average price $27.61; individual sale prices ranged from $27.340 to $27.885.
• Total proceeds: Approximately $295,952.
• Plan/authorization: The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted by Helms on November 20, 2025 (Footnote F1).
• Price breakdown: The filer reports an average price and will provide per-price quantities on request (Footnote F2).
• Shares owned after transaction: Not specified in the provided filing excerpt; Footnote F3 notes 9.79 shares were acquired under the Employee Stock Purchase Plan and are included in reported holdings.
• Filing timeliness: Form 4 was filed on the same day as the transaction (2026-03-17), indicating timely reporting.

Context

• Sales executed under a 10b5-1 plan are pre-scheduled trades and are commonly used by insiders to systematically sell shares; they do not by themselves prove the insider’s view of the company’s prospects.
• This filing reports a routine disposition by an officer rather than an option exercise, award, or gift.