Sundar PichaiSundar Pichai earned $164M in 2023

Marietta Edmunds Zakas is the current CEO of Mueller Water Products, Inc., a role she stepped into in August 2023 after serving previously as the Executive Vice President and Chief Financial Officer. Zakas, who has a background in finance, brings...

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Marietta Edmunds Zakas

CEO of Mueller Water Products

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

Born

January 1, 1959 - 66 years ago

CEO of Mueller Water Products for

1 year 10 months (Aug 2023 - Present)

Previous Experience

Executive Vice President and Chief Financial Officer of Mueller Water Products, Inc. since 2018

Holdings

See how much did Marietta Edmunds Zakas make over time.

As CEO of Mueller Water Products, Marietta Zakas has overseen significant changes in the company’s strategy. Her wealth primarily lies in her role as a key executive, especially after becoming CEO in August 2023. Despite not holding stock grants or...

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Total Stock Sold

$1.60M

MWA

$1.60M

133,212 MWA shares

What if they kept their stock?

If Marietta Edmunds Zakas didn't sell their stock, today they would have:
Extra MWA133,212 shares worth $1.20M.
This is -24.91% and $397.82K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Marietta Edmunds Zakas.

MWA

19,918 shares

MWA

Dec 3, 2024

Received

MWA

33,228 shares

MWA

Dec 3, 2024

Received

MWA

56,673 shares

MWA

Nov 28, 2023

Received

MWA

14,006 shares

MWA

Nov 28, 2023

Received

MWA

105,847 shares

MWA

Aug 24, 2023

Received

MWA

25,209 shares

MWA

Nov 29, 2022

Received

MWA

18,624 shares

MWA

Nov 29, 2022

Received

MWA

25,959 shares

MWA

Nov 30, 2021

Received

MWA

12,015 shares

MWA

Nov 30, 2021

Received

MWA

$420.91K

MWA at $16.66/share

Aug 30, 2021

Sale

Compensation History

See how much did Marietta Edmunds Zakas make over time.

In 2023, Marietta Zakas's total compensation packet was approximately $2.29 million, a substantial amount that shows the weight of her responsibilities as CEO. The breakdown included a base salary of $900,000, alongside a bonus of $1.43 million related to her retention during leadership transitions. The bonus structure reflects the company’s push for performance, as it was significantly performance-oriented, with metrics tied mainly to financial results. The design of her compensation suggests a balanced approach meant to incentivize her leadership while aligning company goals with shareholder interests. Interestingly, the absence of stock grants indicates a shift towards cash and bonuses instead of equity, which can often realign the focus on immediate operational success rather than just long-term stock performance. Overall, her compensation strategy encapsulates a modern approach to executive pay, balancing risk, performance, and sustainability responsibilities.

Year

2023

Total Compensation

$2.39M

Salary

$900.00K

Board Justification

The compensation philosophy is designed to target total compensation at or about the 50th percentile of comparable executive positions, with a significant portion tied to performance metrics to align with stockholder interests.

Bonus

$1.43M

Board Justification

In connection with the management transitions, Ms. Zakas received a restricted cash retention award of $1,430,000 with repayment obligations lapsing with respect to 20% of the amount on the grant date and the repayment obligations lapsing with respect to the remainder in equal parts on each of the first four six-month anniversaries of August 24, 2023, subject to a continued service requirement with certain exceptions.

Other

$56.44K

Board Justification

Includes vehicle allowance, financial planning, contributions to 401(k) plans, life and long-term disability insurance.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was reported as vested in 2023.

Performance Metrics

Performance metrics include adjusted EBITDA, adjusted working capital as a percentage of net sales, and net sales, with a focus on financial goals (90%) and ESG-related performance metrics (10%).

Other Mueller Water Products CEOs

Here are other CEOs of Mueller Water Products