Consolidated Water director granted 2,281 shares under fee plan

Consolidated Water Co. Ltd. director Brian E. Butler reported acquiring 2,281 shares of common stock on 12/15/2025.

Rhea-AI Filing Summary

Consolidated Water Co. Ltd. director Brian E. Butler reported acquiring 2,281 shares of common stock on 12/15/2025. The shares were granted under the company's non-executive directors share grant plan, with the number determined by dividing accumulated share attendance fees by the prevailing market price on October 1 of the preceding year, reflecting a price of $24.83 per share.

After this grant, Butler beneficially owns 44,445 shares of Consolidated Water common stock, held directly.

Insider Trade Summary

Grant/Award: 2,281 shares

Grant/Award 1 txn

Insider BUTLER BRIAN E.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,281	$24.83	$57K

Holdings After Transaction: Common Stock — 44,445 shares (Direct)

Footnotes (1)

1. F1. Shares granted under the Company's non-executive directors share grant plan. The number of shares issued is calculated by dividing the accumulated share attendance fees by the prevailing market price on October 1st of the preceding year.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Consolidated Water (CWCO) report in this filing?

Director Brian E. Butler acquired 2,281 shares of Consolidated Water Co. Ltd. common stock on 12/15/2025 at a reference price of $24.83 per share.

Who is the insider involved and what is their role at Consolidated Water (CWCO)?

The reporting person is Brian E. Butler, who serves as a director of Consolidated Water Co. Ltd.

How many Consolidated Water (CWCO) shares does the director now own?

Following the reported transaction, Brian E. Butler beneficially owns 44,445 shares of Consolidated Water common stock, held directly.

On what date were the Consolidated Water (CWCO) shares granted to the director?

The common stock grant to director Brian E. Butler was dated 12/15/2025.

How was the 2,281-share grant to the Consolidated Water (CWCO) director calculated?

The 2,281 shares were granted under the company's non-executive directors share grant plan and were calculated by dividing the director's accumulated share attendance fees by the prevailing market price on October 1 of the preceding year.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 12/16/2025 - 04:05 PM Learn about SEC filing dates

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^*

BUTLER BRIAN E.

(Last) (First) (Middle)

REGATTA OFFICE PARK, WINDWARD THREE

4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114

(Street)

GRAND CAYMAN E9 KY1-1102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Consolidated Water Co. Ltd. [ CWCO ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		A		2,281(1)	A	$24.83(1)	44,445	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. Shares granted under the Company's non-executive directors share grant plan. The number of shares issued is calculated by dividing the accumulated share attendance fees by the prevailing market price on October 1st of the preceding year.

	/s/ Brian E. Butler	12/16/2025
	** 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.