GOLDMAN SCOTT JAY 4

What Happened

• Scott J. Goldman, a director of Mueller Industries (MLI), exercised 4,978 stock options on 2026-02-05, purchasing common shares at $12.63 per share for a total cash exercise cost of $62,847.
• To cover tax withholding, 548 of the newly issued shares were surrendered (disposed) at $114.64 per share for a value of $62,825. The filing also records the conversion/cancellation of the derivative option instrument tied to the 4,978 shares.
• Net result: Goldman received 4,430 net shares (4,978 acquired less 548 withheld). This is an exercise of options (not an open-market sale) and is typically a routine compensation/vesting event rather than a directional sale.

Key Details

• Transaction date: 2026-02-05; Form 4 filed: 2026-02-06 (filed within the normal reporting window).
• Option exercise: 4,978 shares @ $12.63 = $62,847 (code M — exercise/conversion).
• Tax withholding: 548 shares surrendered @ $114.64 = $62,825 (code F — payment of exercise price/tax liability).
• Derivative disposition: 4,978 derivative units reported disposed @ $0.00 (reflects cancellation/conversion of the option) (code M).
• Shares owned after transaction: not provided in the supplied filing details.
• Notable: share surrender to cover taxes indicates a cashless-like settlement of withholding rather than an open-market sale.

Context

• For retail investors: this was an option exercise with shares withheld to satisfy tax obligations — a common executive/director compensation action. While the insider ended up with net additional shares (4,430), such transactions are typically routine and don’t necessarily signal a change in company outlook.