MWA - Strategic Sale: Paul McAndrew Decides To Exercise Options Worth $51K At Mueller Water Products | Benzinga
A significant insider transaction involving the exercise of company stock options was reported on February 16, by Paul McAndrew, EVP and COO at Mueller Water Products (NYSE:MWA), as per the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that McAndrew, EVP and COO at Mueller Water Products, a company in the Industrials sector, just exercised stock options worth 11,000 shares of MWA stock with an exercise price of $11.41.
As of Friday morning, Mueller Water Products shares are down by 0.12%, with a current price of $16.1. This implies that McAndrew's 11,000 shares have a value of $51,590.
Unveiling the Story Behind Mueller Water Products
Mueller Water Products, Inc. is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments Water Flow Solutions and Water Management Solutions. Water Flow Solutions' portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. The company derives a majority of its revenue from the United states.
Mueller Water Products's Economic Impact: An Analysis
Revenue Challenges: Mueller Water Products's revenue growth over 3 months ...