Director Heather Knight granted deferred Waters (NYSE: WAT) stock units

Rhea-AI Filing Summary

Knight Heather reported acquisition or exercise transactions in this Form 4 filing.

Waters Corporation director Heather Knight received an equity grant of 68.44 common stock units as compensation in lieu of cash director fees. These units are convertible into shares of Waters common stock on a one-for-one basis and will be distributed on January 1, 2027, based on a prior election. Following this grant, Knight directly holds a total of 1,217.51 shares of the company’s common stock, reflecting a routine, non-cash adjustment to her board compensation rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Knight Heather

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	68.44	$0.00	--

Holdings After Transaction: Common Stock — 1,217.51 shares (Direct)

Footnotes (1)

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Key Figures

Equity grant: 68.44 common stock units Price per unit: $0.00 per share Holdings after transaction: 1,217.51 shares +1 more

4 metrics

Equity grant 68.44 common stock units Received in lieu of cash director fees

Price per unit $0.00 per share Compensation grant, not market purchase

Holdings after transaction 1,217.51 shares Direct ownership after reported grant

Distribution date January 1, 2027 Date units convert into common shares

Key Terms

common stock units, 1996 Non-Employee Director Deferred Compensation Plan, one-for-one basis, distribution

4 terms

common stock units financial

"Represents common stock units received in lieu of cash payment of director fees"

1996 Non-Employee Director Deferred Compensation Plan financial

"pursuant to the Issuer's 1996 Non-Employee Director Deferred Compensation Plan"

one-for-one basis financial

"Common stock units are convertible into shares ... on a one-for-one basis"

distribution financial

"convertible into shares ... upon distribution, which will occur on January 1, 2027"

A distribution is a payment or transfer of value from a company, fund, or trust to its shareholders or unit holders, commonly made in cash, additional shares, or other assets. Investors care because distributions provide income, reflect how much cash a business or fund can return to owners, can influence yield and taxable income, and often affect the share price much like a store handing out a portion of its profits to customers.

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^*

Knight Heather

(Last) (First) (Middle)

34 MAPLE STREET

(Street)

MILFORD MASSACHUSETTS 01757

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WATERS CORP /DE/ [ WAT ]

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)
03/31/2026

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	03/31/2026		A		68.44(1)	A	$0	1,217.51	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 common stock units received in lieu of cash payment of director fees pursuant to the Issuer's 1996 Non-Employee Director Deferred Compensation Plan. Common stock units are convertible into shares of the Issuer's common stock on a one-for-one basis upon distribution, which will occur on January 1, 2027, pursuant to an election previously made by the Reporting Person.

	/s/ Michael Lynn, attorney-in-fact for Heather Knight	04/02/2026
	** 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 Heather Knight report in this Waters (WAT) Form 4 filing?

Heather Knight reported receiving 68.44 common stock units as compensation instead of cash director fees. These units are part of Waters’ non-employee director deferred compensation and increase her direct holdings to 1,217.51 shares after the transaction.

Is Heather Knight’s Form 4 transaction in WAT stock a market purchase or sale?

The Form 4 shows a compensation-related acquisition, not a market trade. Knight received 68.44 common stock units at a price of $0.00 per share as a grant for director fees, under Waters’ non-employee director deferred compensation plan.

When will Heather Knight’s Waters (WAT) common stock units be delivered?

The common stock units are scheduled to be distributed on January 1, 2027. At that time, they convert on a one-for-one basis into shares of Waters common stock, pursuant to an earlier distribution election by Knight under the deferred compensation plan.

How many Waters (WAT) shares does Heather Knight hold after this Form 4 transaction?

After receiving 68.44 common stock units, Heather Knight’s direct holdings total 1,217.51 shares of Waters common stock. This reflects the updated ownership position reported in the filing, combining her prior holdings with the new equity-based director compensation.

What is the nature of the equity Knight received in the Waters (WAT) Form 4?

The equity consists of common stock units granted instead of cash director fees under Waters’ 1996 Non-Employee Director Deferred Compensation Plan. Each unit is convertible into one share of Waters common stock upon distribution on the specified future date.