Essential Utilities (WTRG) exec logs stock award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Essential Utilities, Inc. President – Peoples, Michael Huwar, reported equity compensation activity involving company common stock. He acquired 2,598.5 shares at no cost through the earning and vesting of performance-based share units that were originally awarded on 2/22/2023, with vesting determined on 02/04/2026 at 63.58%. To cover tax obligations tied to the vesting of restricted stock units and performance-based share units, 1,939 shares were disposed of back to the issuer at a price of $38.78 per share. After these transactions, Huwar directly owns 21,422.5 shares of Essential Utilities common stock. This amended filing reflects the final calculation of shares withheld for taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Huwar Michael
Role
President - Peoples
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,598.5 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,939 | $38.78 | $75K |
Holdings After Transaction:
Common Stock — 23,361.5 shares (Direct)
Footnotes (1)
- Represents acquisition of shares upon the earning and vesting of performance-based share units awarded on 2/22/2023. Vesting determination was made by the Compensation Committee on 02/04/2026. Represents vesting at 63.58%. Disposition to issuer for tax obligations upon the vesting of restricted stock units and performance-based share units. This amended Form 4 provides the final calculations of the number of shares withheld.
FAQ
What insider transactions did Essential Utilities (WTRG) report for Michael Huwar?
Essential Utilities reported that President – Peoples, Michael Huwar, acquired 2,598.5 common shares via vesting of performance-based units and disposed of 1,939 shares to the issuer for tax withholding. The net result is an increase in his directly held share balance.
Why is this an amended Form 4/A for Essential Utilities (WTRG)?
The document is amended because it provides final calculations of the number of Essential Utilities shares withheld to satisfy tax obligations. The footnote explains that this Form 4/A updates the initial report to reflect the exact tax-withholding share amount tied to recent vesting.