Insider Buying Signals at Mueller Water Products
On February 23, 2026 EVP & Chief Commercial Officer Floyd Scott P. executed a sizable purchase of 1,056 restricted‑stock units (RSUs) and 2,979 stock‑option rights, adding 36,607 shares to his holdings at a flat price of $0.00—an RSU transaction that will vest in three equal installments over the next three years. The buy‑side move coincides with the company’s stock trading near $29.92, a modest uptick from the $29.59 close two days earlier. While the transaction’s monetary impact is nil at the time of filing, the sheer volume of RSUs and options reflects a confidence that the company’s valuation will rise as its product portfolio expands into new municipal and industrial markets.
Implications for Investors
For shareholders, Scott’s activity suggests a bullish outlook on Mueller Water Products’ growth trajectory. The RSU grant, part of the 2006 Stock Incentive Plan, signals that the executive team believes the company’s share price will surpass its 52‑week high (currently $30.47) over the next 3–4 years. The option purchase further cements this view, providing upside potential if the company continues to capture market share in the water infrastructure sector. However, the lack of a cash purchase limits any immediate market impact; the transaction’s value will materialize only as the shares vest and are potentially sold.
A Look at Scott’s Insider History
Scott’s trading history over the past year paints a picture of a cautious yet optimistic insider. In December 2025, he sold 609 shares at $24.62, likely to meet liquidity needs or tax obligations, before buying back 26,427 shares at no cost on the same day—an RSU grant—followed by a $0 purchase of 5,364 RSUs and 16,488 options. These patterns suggest that Scott prefers to accrue value through equity awards rather than cash transactions, aligning his incentives with long‑term shareholder interests. The recent February 2026 buy, coupled with a history of buying RSUs during periods of price decline (e.g., $24.08 in early December), reinforces a “buy‑the‑dip” strategy that could signal confidence in a rebound.
Company‑Wide Insider Activity Context
Mueller Water Products has seen a flurry of insider activity in February, including the CEO Paul McAndrew’s acquisition of 20,250 RSUs and 61,800 options on February 10, 2026. The pattern of large RSU grants to top executives indicates the board’s commitment to retaining key talent while aligning compensation with shareholder value. Meanwhile, a notable sale by SVP Todd Helms on February 19 (10,720 shares) could reflect portfolio balancing rather than a bearish stance.
Bottom Line for Investors
The current insider buying by Floyd Scott P., coupled with a broader trend of RSU awards to senior management, signals internal confidence in Mueller Water Products’ trajectory. While the transaction does not move the market immediately, it offers a forward‑looking hint that management expects the company’s share price to appreciate over the next few years. Investors who view the company’s stable product pipeline and solid valuation metrics (P/E ≈ 23.45, P/B ≈ 4.60) as attractive may interpret this as a green light to maintain or increase their positions, pending any changes in the broader industrial or water‑infrastructure sectors.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-02-23 | Floyd Scott P. (EVP & Chief Commercial Officer) | Buy | 1,056.00 | 0.00 | Restricted Stock Unit |
| 2026-02-23 | Floyd Scott P. (EVP & Chief Commercial Officer) | Buy | 2,979.00 | 0.00 | Stock Option (Right to Buy) |
