Form 4: Director Wei Jiang Boosts WAT Stake to 2,478 Shares

Rhea-AI Filing Summary

Waters Corp. (NYSE: WAT) has filed a Form 4 indicating that director Wei Jiang acquired 68.35 common-stock units on 30 June 2025. The units were issued at a stated price of $0.00 because they represent deferred, stock-settled compensation in lieu of cash director fees under the company’s 1996 Non-Employee Director Deferred Compensation Plan. Each unit converts into one share of common stock on 1 January 2035, in line with the reporting person’s prior deferral election. Following the issuance, Jiang’s direct beneficial ownership rises to 2,478.57 shares. No derivative securities were bought or sold, and no shares were disposed of. The filing reflects a routine, low-dollar insider acquisition that marginally increases director equity alignment but is not material to Waters’ overall share count or valuation.

Positive

• Director increased direct ownership by 68.35 shares, raising stake to 2,478.57 shares.
• Equity received through deferred-comp plan demonstrates long-term alignment with shareholders.

Negative

• Transaction size is immaterial, offering little insight into insider sentiment or near-term outlook.

Insights

Financial Analyst

TL;DR: Routine 68-share insider buy via deferred fees; positive alignment, financially immaterial, neutral impact on valuation.

The purchase is extremely small relative to Waters Corp.’s roughly 60 million outstanding shares and therefore has no direct effect on EPS, liquidity, or market sentiment. Because the stock units stem from the board compensation plan, they do not signal opportunistic buying based on valuation views. Still, the conversion date of 2035 shows a long-term horizon, modestly aligning the director’s interests with other shareholders. Overall effect: neutral.

Corporate Governance Expert

TL;DR: Small deferred-comp stock grant strengthens director equity tie, governance-wise minor but positive, not market-moving.

Best practices encourage directors to hold equity; this filing indicates compliance. The use of a deferred plan defers dilution and tax, consistent with standard governance. There are no red flags (e.g., sales or 10b5-1 controversy). Because only 68 units were issued, investors should view this as routine housekeeping rather than a strategic insider signal.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jiang Wei

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	68.35	$0.00	--

Holdings After Transaction: Common Stock — 2,478.57 shares (Direct)

Footnotes (1)

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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^*

Jiang Wei

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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	06/30/2025		A		68.35(1)	A	$0	2,478.57	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, 2035, pursuant to an election previously made by the Reporting Person.

	/s/ Michael Lynn, attorney-in-fact for Wei Jiang	07/01/2025
	** 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 did Waters Corp. (WAT) disclose in the latest Form 4?

Director Wei Jiang acquired 68.35 common-stock units on 06/30/2025 through the company’s deferred compensation plan.

How many shares did director Wei Jiang acquire?

68.35 common-stock units were credited to the director’s account.

What is Wei Jiang’s total ownership after the transaction?

The director now beneficially owns 2,478.57 shares of Waters Corp. common stock.

When will the deferred stock units convert into actual shares?

Conversion is scheduled for January 1, 2035 on a one-for-one basis.

Did the filing report any insider sales of WAT shares?

No. The Form 4 shows only an acquisition; no dispositions were reported.

Is the insider transaction likely to impact WAT’s share price?

Given the small size (≈68 shares), the market impact is expected to be negligible.