American Water Works (AWK) CFO reports stock grants and tax share withholding

Rhea-AI Filing Summary

American Water Works Company EVP and CFO David Bowler reported equity compensation transactions. He acquired 3,711 shares underlying a new restricted stock unit award and 1,632 performance stock unit shares that vested, all in common stock. Separately, 693 shares were disposed of to satisfy tax withholding obligations, leaving him with 10,598 directly owned shares.

The RSU award, granted under the 2017 Omnibus Equity Compensation Plan, will vest in three roughly equal installments on January 31 of 2027, 2028 and 2029, subject to continued employment and retirement-related vesting provisions. Both RSUs and PSUs are settled solely in shares, not cash.

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

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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^*

Bowler David

(Last) (First) (Middle)

1 WATER STREET

(Street)

CAMDEN NJ 08102-1658

(City) (State) (Zip)

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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

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

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

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	02/17/2026		A		3,711(1)	A	$0	9,659	D
Common Stock	02/17/2026		A		1,632(2)	A	$0	11,291	D
Common Stock	02/17/2026		F		693	D	$133.51	10,598	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. Represents shares underlying an award of restricted stock units (RSUs) granted on February 17, 2026, under the American Water Works Company, Inc. 2017 Omnibus Equity Compensation Plan. This award will vest in three approximately equal increments on January 31, 2027, 2028 and 2029, subject to continued employment on each vesting date and applicable continued vesting provisions in the event of retirement. RSUs are settled solely by the delivery of one share of common stock per RSU (and may not be settled in cash).

2. Represents shares vested pursuant to one or more awards of performance stock units (PSUs) granted in February 2023 under the American Water Works Company, Inc. 2017 Omnibus Equity Compensation Plan. These awards vested on February 17, 2026. PSUs are settled solely by the delivery of one share of common stock per PSU (and may not be settled in cash).

Remarks:

	/s/ Jeffrey M. Taylor, as attorney-in-fact for David M. Bowler	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did AWK EVP and CFO David Bowler report?

David Bowler reported equity awards in American Water Works common stock and a related tax share disposition. He received restricted stock units and vested performance stock units, while 693 shares were delivered back to cover tax obligations, reflecting routine executive compensation activity rather than open-market trading.

How many American Water Works (AWK) shares did David Bowler acquire?

David Bowler acquired rights to 3,711 shares via a new restricted stock unit grant and 1,632 shares from vested performance stock units. Both awards are settled solely in common stock, increasing his equity-based exposure as part of American Water Works’ long-term incentive compensation structure.

Why were 693 AWK shares disposed of in David Bowler’s Form 4 filing?

The 693 American Water Works shares were disposed of to satisfy tax withholding obligations tied to equity vesting. This tax-withholding disposition is coded as “F” and represents shares withheld, not an open-market sale, and is common in stock-based executive compensation programs.

What is the vesting schedule for David Bowler’s new RSU award at American Water Works (AWK)?

The new restricted stock unit award vests in three approximately equal installments on January 31, 2027, January 31, 2028 and January 31, 2029. Vesting is conditioned on continued employment and certain continued vesting provisions that apply in the event of retirement under the company’s plan.

Under what plan were David Bowler’s AWK RSUs and PSUs granted and settled?

Both the restricted stock units and performance stock units were granted under the American Water Works Company, Inc. 2017 Omnibus Equity Compensation Plan. The footnotes explain that RSUs and PSUs are settled solely in common stock, one share per unit, and cannot be settled in cash.

How many American Water Works (AWK) shares does David Bowler own after these transactions?

Following the reported transactions, David Bowler directly owns 10,598 shares of American Water Works common stock. This figure reflects the net result of equity awards received and the 693-share tax withholding disposition recorded on the same reporting date.