Essential Utilities (WTRG) CEO awarded 10,068 restricted stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Essential Utilities, Inc. Chief Executive Officer Chris Franklin reported an equity compensation grant on Common Stock. He acquired 10,068 restricted stock units, each representing the right to receive one share at a reference price of $39.73 per share. These restricted stock units vest in three equal annual installments on each anniversary of the grant date. Following this award, Franklin directly holds 338,088 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Franklin Chris
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,068 | $39.73 | $400K |
Holdings After Transaction:
Common Stock — 338,088 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Essential Utilities (WTRG) report for Chris Franklin?
Essential Utilities reported that CEO Chris Franklin received a grant of 10,068 restricted stock units. Each unit represents a right to one share of Common Stock, vesting over three years in equal annual installments as part of his equity compensation.
Was the Essential Utilities (WTRG) Form 4 a stock purchase or an equity grant?
The Form 4 reflects an equity grant, not an open-market stock purchase. CEO Chris Franklin was awarded 10,068 restricted stock units as compensation, vesting one-third each year, rather than buying shares directly in the market.
What are the vesting terms of Chris Franklin’s restricted stock units at Essential Utilities (WTRG)?
The 10,068 restricted stock units granted to CEO Chris Franklin vest in three equal parts. One-third of the units vest on each anniversary of the grant date, aligning the award with multi-year retention and performance horizons.
What price is associated with Chris Franklin’s restricted stock unit grant at Essential Utilities (WTRG)?
The restricted stock unit grant is referenced at $39.73 per share of Common Stock. This figure is used for reporting purposes on the Form 4 and does not indicate an open-market purchase price paid by Chris Franklin.