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ATLANTA—Franklin Shirley C., a former director of Mueller Water Products, Inc. (NYSE:MWA), recently executed a significant stock transaction. According to a filing with the Securities and Exchange Commission, Shirley sold 7,376 shares of common stock on March 5, 2025. The transaction comes as Mueller Water Products shows strong market performance, with the stock up over 61% in the past year and currently trading near its 52-week high of $28.25. InvestingPro analysis indicates the company maintains a GOOD financial health score, with robust metrics across profitability and growth. The shares were sold at an average price of $24.6739, with individual transaction prices ranging from $24.660 to $24.720. This sale amounted to a total value of approximately $181,994.
Following the transaction, Shirley retains ownership of 65,043 shares of Mueller Water Products’ stock. The sale was reported by Barbara A. Smucygz, acting as Attorney-in-Fact, on March 7, 2025.
In other recent news, Mueller Water Products has announced a quarterly dividend of $0.067 per share, payable to shareholders on record by February 10, 2025. This decision underscores the company’s commitment to returning value to its investors. In related developments, the company held its annual meeting where shareholders approved several key proposals, including the election of nine directors and the ratification of executive compensation. The amendment of the 2006 Employee Stock Purchase Plan and the Stock Incentive Plan also received strong shareholder backing. Furthermore, Ernst & Young LLP was ratified as the independent registered public accounting firm for fiscal 2025.
In another update, the company adjusted the employment terms of its CEO, Marietta Edmunds Zakas, modifying severance benefits tied to a Change-in-Control. Despite these changes, Zakas retains her current compensation structure, including a base salary of at least $900,000. Additionally, RBC Capital Markets recognized Mueller Water Products for its significant progress in 2024, noting the successful ramp-up of its new brass foundry. These developments highlight Mueller Water Products’ strategic initiatives and operational updates.
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