MWA Mueller Water Products, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q3 2026: $10M, Q2 2026: $5M, Q1 2026: $0M, Q3 2025: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $10M vs trailing avg $2M (+500%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $15M / FCF $101M = 15% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

5 open-market purchases by 2 insiders

• Healy Brian C. () bought 1,183 shares at $25.33 on 2026-07-07
• Healy Brian C. () bought 1,166 shares at $25.75 on 2026-05-15
• SENGSTACK GREGG C () bought 25,000 shares at $29.58 on 2026-02-25
• Healy Brian C. () bought 1,125 shares at $24.41 on 2026-01-07
• Healy Brian C. () bought 1,070 shares at $25.78 on 2025-10-07

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 2 quarters and 5 insider purchases by 2 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $2M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 6.3x more than bought. 2 C-suite officers among sellers

• McAndrew Paul (President and CEO) sold 40,000 shares on 2026-08-10
• ZAKAS MARIETTA EDMUNDS (Former Officer and Director) sold 54,254 shares on 2026-05-28