Company: MWA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001350593-25-000029
Chunk: 3

Company: Mueller Water Products, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part II, Item 2
Chunk 3
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Item 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table presents the number and average price of shares purchased in each fiscal month of the second quarter of fiscal 2025:

PeriodTotal number of shares purchasedAverage price paid per shareTotal number of shares purchased as part of publicly announced plans or programs (1)(2)Maximum dollar value of shares that may yet be purchased under the plans or programs      (in millions)January 1-31, 2025— $— — $80.0 February 1-28, 2025199,389 26.75 185,961 75.0 March 1-31, 2025— — — $75.0 Total199,389 $26.75 185,961 

(1)In 2015, we announced the authorization of a stock repurchase program for up to $50.0 million of our common stock.  The program does not commit us to a particular timing or quantity of purchases, and we may suspend or discontinue the program at any time.  In 2017, we announced an increase to the authorized amount of this program to $250.0 million.

(2)During the three months ended March 31, 2025, we repurchased 185,961 shares of our common stock pursuant to our share repurchase authorization, and we had $75.0 million remaining under this authorization as of March 31, 2025.  During the three months ended March 31, 2025, 13,428 shares were surrendered to us to pay the tax withholding obligations of participants in connection with the vesting of equity awards.

Item 5.      OTHER INFORMATION

(c) Our Section 16 officers and directors, as defined in Rule 16a-1(f) of the Securities and Exchange Act of 1934 (the “Exchange Act”), may from time to time enter into plans for the purchase or sale of our common stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act.  During the quarter ended March 31, 2025, the following officer adopted a “Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K of the Exchange Act):

Brian Healy, a Member of the Board of Directors, adopted a