Company: MWA
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001350593-25-000069
Chunk: 35

Company: Mueller Water Products, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 35
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 survey sources, subject to individual adjustments based on experience, length of service, individual performance and other factors deemed appropriate by the Compensation Committee.

For fiscal 2026, the Compensation Committee, with input from its independent compensation consultant, reviewed and updated our peer group to ensure that it remains reflective of our talent market, relevant and appropriate size, and business model screening criteria. The Compensation Committee adopted a revised peer group of 19 companies, which removes three companies, including Chart Industries, Columbus McKinnon and Helios Technologies, that fail screening criteria related to market premiums, total shareholder return and return on invested capital. The revised peer group adds three companies that better align with the Company’s size and financial performance requirements, including Flowserve Corporation, A.O. Smith Corporation and AAON, Inc. The revised peer group will be used in making compensation decisions with respect to fiscal 2026.

#### 44MUELLER WATER PRODUCTS, INC.

### EXECUTIVE COMPENSATION

#### Compensation Elements
The following table lists our primary elements of compensation. Each element is targeted at or about the 50th percentile for comparable positions in the Peer Group and size-adjusted survey sources.

| Pay Element                |     | Salary                                                                                      |     |                     |     |      |     | Bonus                                                                                                              |     | Options                                                            |     | RSUs                                                            |     |                    |     |        |     | PRSUs                                                                           |     |                                                                                 |
| Recipients                 |     |                                                                                             |     |                     |     |      |     |                                                                                                                    |     | All Named Executive Officers ("NEOs")                              |     |                                                                 |     |                    |     |        |     |                                                                                 |     |                                                                                 |
| Period of Grant            |     | Generally reviewed every 12 months                                                          |     |                     |     |      |     | Annually                                                                                                           |     | Annually                                                           |     | Annually                                                        |     |                    |     |        |     | Annually                                                                        |     |                                                                                 |
| Form of Delivery           |     |                                                                                             |     |                     |     | Cash |     |                                                                                                                    |     |                                                                    |     |                                                                 |     |                    |     | Equity |     |                                                                                 |     |                                                                                 |
| Type of Performance        |     |                                                                                             |     | Short-term emphasis |     |      |     |                                                                                                                    |     |                                                                    |     |                                                                 |     | Long-term emphasis |     |        |     |                                                                                 |     |                                                                                 |
| Performance Measures