Waters (NYSE: WAT) CEO receives new stock options and RSUs

Rhea-AI Filing Summary

Waters Corporation President and CEO Udit Batra reported equity awards that increase his direct holdings through compensation grants, not open-market trades. He received a stock option covering 25,283 shares at a grant price of $0.00 and a grant of 5,165 shares of common stock.

The 5,165-share grant represents restricted stock units that convert one-for-one into common stock and vest in four equal annual installments starting on February 25, 2027, subject to continued service. The 25,283-share stock option also vests in four equal annual installments beginning on February 25, 2027, and becomes exercisable on the same schedule.

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^*

Batra Udit

(Last) (First) (Middle)

34 MAPLE STREET

(Street)

MILFORD MA 01757

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		A		5,165(1)	A	$0	36,557	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
Stock Option (Right to Buy)	$319.44	02/25/2026		A		25,283		(2)	02/25/2036	Common Stock	25,283	$0	25,283	D

Explanation of Responses:

1. Represents restricted stock units ("RSUs"), which will vest in four equal annual installments, with the first such installment vesting on February 25, 2027, subject to the Reporting Person's continued service with the Issuer on each such vesting date. The RSUs are convertible into shares of the Issuer's common stock on a one-to-one basis upon vesting and settlement.

2. The shares of common stock underlying this stock option will vest and become exercisable in four equal annual installments, with the first such installment vesting and becoming exercisable on February 25, 2027, subject to the Reporting Person's continued service with the Issuer on each such vesting date.

	/s/ Michael Lynn, attorney-in-fact for Udit Batra	02/27/2026
	** 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 WAT CEO Udit Batra report on this Form 4?

Udit Batra reported receiving a stock option for 25,283 shares and a grant of 5,165 shares of Waters common stock. Both awards were granted as compensation and not purchased in the open market.

Are the new Waters (WAT) equity awards to the CEO immediately vested?

No, the CEO’s new awards vest over time. The 5,165 RSUs and the stock option for 25,283 shares each vest in four equal annual installments starting on February 25, 2027, conditioned on continued service.

How do the Waters (WAT) restricted stock units granted to the CEO work?

The CEO’s restricted stock units represent 5,165 shares of common stock. They convert to shares on a one-for-one basis as they vest in four equal annual installments beginning on February 25, 2027, subject to his continued service.

What are the vesting terms of the Waters (WAT) stock option granted to the CEO?

The CEO’s stock option covers 25,283 shares of Waters common stock. It will vest and become exercisable in four equal annual installments, with the first installment vesting on February 25, 2027, contingent on his continued service.

Did Udit Batra buy or sell Waters (WAT) shares in the market in this Form 4?

No open-market buys or sells were reported. The Form 4 shows grant or award acquisitions only: a stock option for 25,283 shares and 5,165 restricted stock units, both awarded as part of compensation.