Company: MWA
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001350593-25-000069
Chunk: 36

Company: Mueller Water Products, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 36
---
      |      |               582,400 |     |      |               560,000 |     |   |  4.0 |
| Melissa Rasmussen      |      |      |               550,000 |     | —(1) |                       |     | — |      |
| Steven S. Heinrichs    |      | —(2) |                       |     |      |               550,000 |     | — |      |
| Todd P. Helms          |      |      |               400,794 |     |      |               389,120 |     |   |  3.0 |
| Scott P. Floyd         |      |      |               426,969 |     |      |               388,154 |     |   | 10.0 |

(1) Ms. Rasmussen joined the Company on March 2, 2025 at an annual salary rate of $550,000.

(2) Mr. Heinrichs’ date of separation of service and transition to the role of Senior Advisor was effective March 1, 2025.

#### PROXY STATEMENT FOR 2026 ANNUAL MEETING45

### EXECUTIVE COMPENSATION

### ANNUAL CASH INCENTIVE AWARDS
The annual cash incentive plan rewards our named executive officers for achieving key financial metrics, which drive our operating results and enhance stockholder value. The Compensation Committee targets annual cash incentive compensation for each executive at the 50th percentile of comparable executives in the Peer Group and size-adjusted survey sources. Based on actual achieved performance against performance goals, each NEO may earn between 0% and 200% of her or his annual cash target opportunity. For fiscal 2025, the Compensation Committee selected two types of performance metrics: (i) financial goals (weighted 90%) and (ii) ESG-related performance metrics (weighted 10%). The financial goals related to adjusted EBITDA , adjusted working capital (as a % of adjusted net sales) and adjusted net sales. The Compensation Committee selected these financial metrics to encourage our NEOs to focus on generating income from continuing operations and enhancing long-term stockholder value. The ESG-related performance metric was tied to reductions in total recordable incidence rates and key performance indicators for sustainability, including reduction of GHG intensity and water withdrawal, and specific activities identified as leading safety indicators. The Compensation Committee selected these metrics because they promote, drive and support the Company’s ESG initiatives