American Water (NYSE: AWK) director awarded 1,374 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Water Works Company, Inc. director Jeffrey N. Edwards received a grant of 1,374 shares of common stock at a price of $0 per share as a stock award. The stock units vested on the grant date and were immediately converted into common shares on a one-share-per-unit basis.
After this award, Edwards holds 11,826 shares of American Water common stock directly. This total includes 239 shares acquired through automatic reinvestment of cash dividends into company stock since his last Form 4 report.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Edwards Jeffrey N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,374 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,826 shares (Direct, null)
Footnotes (1)
- The shares indicated constitute units that settle solely in the common stock of American Water Works Company, Inc. (the "Company") on a one-share-per-unit basis. The stock units vested on the date of grant and will be converted immediately into shares of Company common stock. Includes 239 shares acquired pursuant to the automatic reinvestment in shares of Company common stock of cash dividends paid on Company common stock to the reporting person, received since the reporting person's last Form 4 report, which acquisition is exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-11 thereunder.
Key Figures
Stock award: 1,374 shares
Grant price: $0.00 per share
Post-transaction holdings: 11,826 shares
+1 more
4 metrics
Stock award
1,374 shares
Common stock grant to director on Form 4
Grant price
$0.00 per share
Reported price for 1,374-share stock award
Post-transaction holdings
11,826 shares
Total common shares held directly after transaction
Dividend reinvestment shares
239 shares
Shares from automatic reinvestment of cash dividends
Key Terms
stock units, automatic reinvestment, Section 16, Rule 16a-11
4 terms
stock units financial
"The shares indicated constitute units that settle solely in the common stock of American Water Works Company, Inc."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
automatic reinvestment financial
"Includes 239 shares acquired pursuant to the automatic reinvestment in shares of Company common stock of cash dividends paid"
Section 16 regulatory
"which acquisition is exempt from Section 16 of the Securities Exchange Act of 1934, as amended"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-11 regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-11 thereunder"
FAQ
What insider transaction did American Water (AWK) report for Jeffrey N. Edwards?
American Water reported that director Jeffrey N. Edwards received a grant of 1,374 shares of common stock. These stock units vested on the grant date and were immediately converted into common shares on a one-for-one basis, increasing his direct holdings in the company.
What are the stock units referenced in Jeffrey N. Edwards’ American Water (AWK) Form 4?
The filing states the reported shares constitute stock units that settle solely in American Water common stock on a one-share-per-unit basis. These units vested on the grant date and were immediately converted into common shares of the company.
How did dividend reinvestment affect Jeffrey N. Edwards’ American Water (AWK) holdings?
The filing notes that 239 shares are from automatic reinvestment of cash dividends into American Water common stock. These dividend reinvestment acquisitions occurred since his last Form 4 report and are exempt from Section 16 under SEC Rule 16a-11.