Company: MWA
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001350593-25-000069
Chunk: 26

Company: Mueller Water Products, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 26
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 election form. Former Director Michael Tokarz was the only non-employee director who participated in this plan. Mr. Tokarz’s deferred payments were maintained in a stock equivalent account.

In January 2024, the Board terminated the Directors’ Deferred Fee Plan, approving the survival of the provisions necessary to address Mr. Tokarz’s settlement in January 2025 in the amount of $5,219,157.48.

#### Equity-Based Awards
Our 2006 Stock Incentive Plan, as amended (the “Stock Plan”) provides that, on the date of each annual meeting of stockholders, we will grant equity-based awards with an economic value determined by the Compensation Committee to each non-employee director who is re-elected to the Board and has served as a director for at least six months. In addition, the Stock Plan provides that each director will receive an initial equity-based grant on the first day following the date on which he or she commences service as a director, the economic value and terms of which to be determined by the Compensation Committee. See “Proposal Two - Advisory Vote to Approve Executive Compensation — Compensation Discussion and Analysis — Other Compensation Practices and Policies — Role of Compensation Consultant in Compensation Decisions.”

On February 6, 2025, each non-employee director, with the exception of Ms. Terry and Mr. Weaver, received equity-based awards in the amount of $130,000, which resulted in the grant of 4,672 restricted stock units (“RSUs”) in accordance with the Stock Plan and related policies. On February 7, 2025, Ms. Terry and Mr. Weaver each received an initial grant of 4,758 RSUs following their election to the Board in accordance with the Stock Plan. These RSUs vest for directors remaining in continuous service through the first anniversary of the grant date, although the Compensation Committee may waive this minimum service requirement. On February 6, 2025, in connection with their retirement from long-tenured service, Ms. Franklin and Dr. Thomas each received an equity-based award in the amount of $130,000, which resulted in the grant of 4,672 RSUs that vest in full on the first anniversary of the grant date.

#### PROXY STATEMENT FOR 2026 ANNUAL MEETING37

### ELECTION OF DIRECTORS

#### Travel Expenses
We reimburse directors for their travel and related expenses in connection with attending Board and committee meetings and related activities.

#### Director Compensation Summary
The following table shows