Consolidated Water (NASDAQ: CWCO) director receives 1,968-share equity grant

Rhea-AI Filing Summary

Consolidated Water Co. Ltd. disclosed that director Clarence B. Flowers acquired 1,968 shares of common stock on 12/15/2025. The shares were granted under the company’s non-executive directors share grant plan, which converts accumulated share attendance fees into stock based on the prevailing market price on October 1 of the preceding year. After this grant, he directly owns 302,468 common shares.

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

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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^*

FLOWERS CLARENCE B.

(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		1,968(1)	A	$24.83(1)	302,468	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/ Clarence B. Flowers	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.

FAQ

What insider transaction did Consolidated Water (CWCO) report?

A director of Consolidated Water Co. Ltd. acquired 1,968 shares of common stock on 12/15/2025 in an equity grant.

Who is the insider involved in this CWCO stock transaction and what is their role?

The reporting person is Clarence B. Flowers, who serves as a director of Consolidated Water Co. Ltd.

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

Following the reported transaction, the director beneficially owns 302,468 shares of Consolidated Water common stock, held directly.

How was the 1,968-share grant to the CWCO director calculated?

The 1,968 shares were granted under the non-executive directors share grant plan by dividing accumulated share attendance fees by the prevailing market price on October 1 of the preceding year.

What price per share was used for the CWCO director share grant?

The filing shows a reference price of $24.83 per share associated with the 1,968-share grant.

Is this CWCO filing for derivative securities such as options or warrants?

The filing’s Table II for derivative securities does not report any derivative securities acquired, disposed of, or beneficially owned.