Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 52

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 8
Chunk 52
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 are summarized below:Exercise priceOutstanding OptionsWeightedaverageexercise priceWeightedaverageremainingcontractualterm (years)Exercisable optionsWeightedaverageexercise price$10.00 -$14.99 682,415 $12.70 7.3374,295 $12.60 $25.00 -$29.99 225,789 25.54 9.2— — 908,204 $15.89 374,295 $12.60 

F- 31

Table of ContentsIndex to Financial Statements

Employee Stock Purchase Plan.  The Mueller Water Products, Inc. 2006 Employee Stock Purchase Plan (“ESPP”) authorizes the sale of up to 7,600,000 shares of our common stock to employees.  Generally, all full-time, active employees are eligible to participate in the ESPP, subject to certain restrictions.  Employee purchases are funded through payroll deductions, and any excess payroll withholdings are returned to the employee.  The price for 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.  As of September 30, 2025, 3,499,685 shares were available for issuance under the ESPP.Phantom Plan.  Under the Mueller Water Products, Inc. Phantom Plan adopted in 2012 (“Phantom Plan”), we have awarded “phantom units” to certain non-officer employees.  A phantom unit settles in cash equal to the price of one share of our common stock on the vesting date.  Phantom units generally vest ratably over three years on each anniversary date of the original grant.  We recognize compensation expense for phantom units on a straight-line basis for each tranche of each award based on the closing price of our common stock at each balance sheet date.  The outstanding phantom units had a fair value of $25.52 per unit as of September 30, 2025 and our accrued liability for such units was $5.7 million.  Phantom Plan activity is summarized below:PhantomPlan units  Weightedaveragegrant datefair value  per unit  Aggregate intrinsic value (millions)Outstanding as of September 30, 2022339,131 $12.74 Granted294,063 11.53 Vested(156,012)$0.1 Cancelled(120,