Company: MWA
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001350593-25-000069
Chunk: 29

Company: Mueller Water Products, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 29
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 executive compensation program. See “Compensation Discussion and Analysis — Highlights of 2025 Executive Compensation.”

#### 2025 Leadership Transitions
In accordance with the Board’s thoughtful approach to succession planning, on November 6, 2025, the Company announced that Ms. Zakas will retire as the Company’s CEO and as a member of the Board, effective as of February 9, 2026 (the “Transition Date”). In connection with Ms. Zakas’ retirement, the Board appointed Mr. McAndrew as President and CEO, effective as of the Transition Date. Mr. McAndrew has served as the Company’s President and Chief Operating Officer since May 2024. Prior to then, he served as the Company’s Executive Vice President and Chief Operating Officer from August 2023 to May 2024 and as the Company’s Senior Vice President of Global Operations and Supply Chain from November 2022 to August 2023. After more than nineteen years with the Company, serving in multiple roles, Ms. Zakas will transition to Senior Advisor on the Transition Date and serve in such capacity until December 31, 2026. See “Leadership Transition Compensation Matters” for more information on Ms. Zakas’ compensation while serving as a Senior Advisor.

#### PROXY STATEMENT FOR 2026 ANNUAL MEETING39

### EXECUTIVE COMPENSATION
Pursuant to Mr. Heinrichs’ letter agreement dated September 5, 2024, Mr. Heinrichs served as the Company’s CFO and Chief Legal and Compliance Officer until March 1, 2025 and served as a Senior Advisor to the Company from March 1, 2025 until September 30, 2025. While serving as a Senior Advisor, Mr. Heinrichs was paid a monthly consulting fee of $5,000. Upon transitioning to the Senior Advisor role, he received the following payments and benefits: (i) a cash payment equal to $1,443,750, payable in a lump-sum amount; (ii) a prorated annual bonus for fiscal 2025, determined based on actual performance; (iii) continued vesting under active equity award agreements in accordance with their terms through September 30, 2025; (iv) continued medical and dental coverage for up to 30 months from March 1, 2025, subject to certain requirements, including payment of the premiums; (v) continued group life insurance coverage for 18 months from March 1,