Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 199

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 8
Chunk 199
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 shares withheld for taxes150,081 Stock repurchased under buyback program(591,553)Shares outstanding as of September 30, 2025156,331,004 The Company has authorized 60.0 million shares of $0.01 par value preferred stock.  The preferred stock may be issued in one or more series and with such designations and preferences for each series as shall be stated in the resolutions providing for the designation and issue of each such series adopted by the Board of Directors of the Company.  The Board of Directors is authorized by the Company's articles of incorporation to determine the voting, dividend, redemption and liquidation preferences pertaining to each such series.  No shares of preferred stock have been issued by the Company as of September 30, 2025.

Note 10.    Stock-based Compensation Plans 

Stock-based compensation expense was $15.1 million, $14.1 million and $11.1 million in the years 2025, 2024 and 2023, respectively, and is recorded within Selling, general and administrative costs within our consolidated statements of operations.  The total income tax benefit recognized for stock-based compensation expense was $3.6 million, $4.0 million and $2.3 million in the years 2025, 2024 and 2023, respectively.We excluded 368,384, 270,547 and 779,150 stock-based instruments from the calculation of diluted earnings per share for 2025, 2024 and 2023, respectively, because the effect of including them would have been antidilutive. As of September 30, 2025, there was approximately $11.0 million of unrecognized compensation expense related to stock-based awards not yet vested.  We expect to recognize this expense over a weighted average life of approximately 1.4 years.  The Mueller Water Products, Inc. 2006 Stock Incentive Plan (“2006 Plan”) authorizes an aggregate of 23,800,000 shares of common stock that may be granted through the issuance of stock-based awards.  Any awards canceled are available for reissuance.  Generally, all of our employees and members of our Board of Directors are eligible to participate in the 2006 Plan.  As of September 30, 2025, 6,740,076 shares of common stock were available for future grants of awards under the 2006 Plan.  This total assumes that the maximum number of shares will be