Waters (NYSE: WAT) CEO awarded 7,066 shares; 218 shares withheld

Rhea-AI Filing Summary

Waters Corporation President and CEO Udit Batra reported equity award activity involving company common stock. On February 4, 2026, he acquired 7,066 shares at $0 upon certification of performance-based restricted stock units granted in 2023. These PSUs convert one-for-one into common shares when vesting conditions are met.

On February 5, 2026, 218 shares of common stock were withheld at $376.89 per share to cover tax obligations tied to vesting of previously reported restricted stock units. Following these transactions, Batra directly owned 31,392 shares of Waters common stock.

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^*

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)
02/04/2026

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	02/04/2026		A		7,066(1)	A	$0	31,610	D
Common Stock	02/05/2026		F		218(2)	D	$376.89	31,392	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 performance-based restricted stock units ("PSUs") originally granted on February 8, 2023, subject to predetermined service and performance-based vesting requirements. The leve of achievement of the performance-based vesting requirements for the PSUs was satisfied upon the certification by the Issuer's Compensation Committee on February 4, 2026, and the PSUs will vest in full upon satisfaction of the service-based vesting requirement on March 1, 2026. The PSUs are convertible into shares of the Issuer's Common Stock on a one-to-one basis upon vesting and settlement.

2. Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of previously reported restricted stock units.

	/s/ Michael Lynn, attorney-in-fact for Udit Batra	02/06/2026
	** 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 Waters (WAT) CEO Udit Batra report?

Udit Batra reported receiving 7,066 shares of Waters common stock at $0 from performance-based restricted stock units, and 218 shares were withheld at $376.89 for taxes. After these equity award-related transactions, he directly held 31,392 shares of Waters common stock.

How many Waters (WAT) shares did the CEO acquire from PSUs?

The CEO acquired 7,066 shares of Waters common stock upon certification of performance-based restricted stock units originally granted on February 8, 2023. These PSUs convert into common shares on a one-to-one basis, subject to both performance-based and service-based vesting requirements described in the filing.

Why were 218 Waters (WAT) shares withheld in the Form 4 filing?

The 218 Waters shares were withheld by the company to satisfy tax withholding obligations. This withholding was connected to the vesting and settlement of previously reported restricted stock units, rather than an open-market sale initiated by the CEO for discretionary portfolio reasons.

What is Udit Batra’s resulting Waters (WAT) share ownership?

After the reported transactions, Udit Batra directly owned 31,392 shares of Waters common stock. This total reflects both the 7,066-share PSU-related acquisition and the 218-share tax withholding adjustment disclosed in the Form 4 insider transaction report.

How do the Waters (WAT) performance-based restricted stock units work?

The performance-based restricted stock units were granted on February 8, 2023, subject to predetermined service and performance conditions. Performance achievement was certified on February 4, 2026, and the PSUs will vest fully on March 1, 2026, converting into common shares one-for-one upon vesting and settlement.

What is Udit Batra’s role at Waters (WAT) mentioned in the filing?

Udit Batra is identified as both a director and an officer of Waters Corporation, serving as President and CEO. The Form 4 indicates the transactions relate to his position as an executive subject to Section 16 reporting requirements for equity awards and related share adjustments.