MLI - John Christopher Miritello At Mueller Industries Capitalizes: Options Exercised Resulting In $233K | Benzinga
In a new SEC filing on November 30, it was revealed that Miritello, EVP at Mueller Industries (NYSE:MLI), executed a significant exercise of company stock options.
What Happened: Miritello, EVP at Mueller Industries, made a strategic move by exercising stock options for 8,002 shares of MLI as detailed in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission. The transaction value amounted to $233,978.
During Friday's morning session, Mueller Industries shares down by 0.0%, currently priced at $41.53. Considering the current price, Miritello's 8,002 shares have a total value of $233,978.
All You Need to Know About Mueller Industries
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning most of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms worldwide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive. Most sales derive from the United States, but the company operates ...