Company: MWA
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001350593-25-000043
Chunk: 67

Company: Mueller Water Products, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 67
---
 and any excess payroll withholdings are returned to the employee.  The price for the shares purchased under the ESPP is 85% of the lower of the closing price on the first day or the last day of the offering period.We issued 260,727 shares of common stock to settle PRSUs vested during the nine months ended June 30, 2025; no shares of common stock were issued to settle PRSUs during the three months ended June 30, 2025.  Additionally, we issued 227,492 shares of common stock to settle restricted stock units vested during the nine months ended June 30, 2025; no shares of common stock were issued to settle restricted stock units during the three months ended June 30, 2025.  Finally, we issued 246,577 shares of common stock to settle stock options exercised during the nine months ended June 30, 2025; no shares of common stock were issued to settle stock options exercised during the three months ended June 30, 2025.  Common shares totaling 169,488 were surrendered to us to pay the applicable tax withholding obligations of equity award participants for the nine months ended June 30, 2025; no common shares were surrendered to us to pay the applicable tax withholding obligations during the three months ended June 30, 2025.Operating income included stock-based compensation expense of $3.2 million and $3.7 million during the three months ended June 30, 2025 and 2024, respectively.  Operating income included stock-based compensation of $10.8 million and $10.1 million during the nine months ended June 30, 2025 and 2024, respectively.  At June 30, 2025, there was approximately $13.0 million of unrecognized compensation expense related to stock-based compensation arrangements, which will be expensed through March 2028.

18

We excluded 300,351 and 24,636 stock-based compensation instruments from the calculations of diluted earnings per share in the three months ended June 30, 2025 and 2024, respectively, and 343,476 and 520,420 for the nine months ended June 30, 2025 and 2024, respectively, since their inclusion would have been antidilutive.

19

Note 7.  Supplemental Balance Sheet Information 

Selected supplemental asset information is presented below: June 30,September 30,  20252024 (in