Company: MWA
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001350593-25-000069
Chunk: 65

Company: Mueller Water Products, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 65
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                                                                                              |     |      |         — |
| Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year                                                  |     |      |   759,821 |
| Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years                                                        |     |      |   316,235 |
| Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year                                                                        |     |      |         — |
| Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year                           |     |      |   520,286 |
| Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year |     |      |         — |
| Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation                                            |     |      |         — |
| Average Compensation actually paid                                                                                                                  |     |      | 3,034,408 |

(4) Company TSR and Peer Group TSR reflected in these columns for each applicable fiscal year are calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation S-K. Peer Group TSR for each applicable fiscal year uses the Dow Jones U.S. Building Materials & Fixtures Index as disclosed in our annual report on Form 10-K for fiscal year ended 2025 pursuant to Item 201(e) of Regulation S-K. Historical stock performance is not necessarily indicative of future stock performance.

(5) Amounts reflect net income calculated in accordance with GAAP as reported in our audited financial statements for the applicable fiscal year.

(6) While we use numerous financial and non-financial performance measures to evaluate performance under our compensation programs, Adjusted EBITDAis the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used to link compensation actually paid to NEOs, for the most recently completed fiscal year, to Company performance.

#### Relationship Between Pay and Performance
In accordance with Item 402(v) of Regulation S-K, we are providing the following charts to show graphically the relationship between “compensation actually paid” (“CAP”) to our NEOs and (i) our cumulative TSR (“MWA TSR”) and our

#### PROXY STATEMENT