American Water Works (AWK) director awarded 1,374 stock units converting to shares

Rhea-AI Filing Summary

American Water Works Company, Inc. director Raffiq Nathoo received an equity award of 1,374 stock units that settle in common stock on a one-share-per-unit basis. The units vested on the grant date and were immediately converted into common shares, bringing his direct holdings to 2,536 shares.

Insights

Equity compensation analyst

Director received a routine stock grant that modestly increases his equity stake.

Director Raffiq Nathoo was granted 1,374 stock units that vest immediately and convert one-for-one into American Water Works Company, Inc. common stock. The filing labels this as a grant or award, not an open-market purchase.

After the grant, his direct holdings total 2,536 shares, indicating a relatively small but increased ownership position. Because this is standard board compensation rather than a discretionary market trade, it carries limited signaling value for the company’s near-term outlook.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nathoo Raffiq

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,374	$0.00	--

Holdings After Transaction: Common Stock — 2,536 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock units granted: 1,374 units Price per share for grant: $0.00 per share Shares held after transaction: 2,536 shares

3 metrics

Stock units granted 1,374 units Units settle one-for-one into common stock; grant on May 13, 2026

Price per share for grant $0.00 per share Equity award with no purchase price to director

Shares held after transaction 2,536 shares Director’s direct common stock holdings after award

Key Terms

stock units, one-share-per-unit basis, Grant, award, or other acquisition, Common Stock

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.

one-share-per-unit basis financial

"settle solely in the common stock of American Water Works Company, Inc. on a one-share-per-unit basis."

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nathoo Raffiq

(Last) (First) (Middle)

1 WATER STREET

(Street)

CAMDEN NEW JERSEY 08102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
American Water Works Company, Inc. [ AWK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/13/2026		A		1,374(1)	A	$0	2,536	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

Remarks:

	/s/ Jeffrey M. Taylor, as attorney-in-fact for Raffiq Nathoo	05/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did American Water Works (AWK) director Raffiq Nathoo report in this Form 4?

Director Raffiq Nathoo reported receiving 1,374 stock units that settle in American Water Works common stock. These units vested on the grant date and immediately converted into shares, increasing his direct ownership to 2,536 shares following the transaction.

Was the AWK Form 4 transaction a market purchase or a stock grant?

The Form 4 reports a stock grant, coded as a grant, award, or other acquisition, not a market purchase. Nathoo received 1,374 stock units at zero cost as compensation, which then converted directly into common shares of American Water Works.

How many American Water Works shares does Raffiq Nathoo hold after this Form 4 transaction?

After the reported transaction, Raffiq Nathoo directly holds 2,536 shares of American Water Works common stock. This total reflects the immediate conversion of 1,374 vested stock units into shares on a one-share-per-unit basis, as described in the Form 4 footnote.

What is the structure of the stock units granted to AWK director Raffiq Nathoo?

The stock units granted to Nathoo settle solely in American Water Works common stock on a one-share-per-unit basis. According to the filing, these units vested on the grant date and were immediately converted into shares, making them effectively an instant stock award.

Does the Nathoo Form 4 for American Water Works indicate any stock sales?

The Form 4 does not report any stock sales by Raffiq Nathoo. It shows only one acquisition transaction: a grant or award of 1,374 stock units that converted into common stock, increasing his direct share ownership to 2,536 shares after the transaction.