Essential Utilities (WTRG) EVP granted 4,531 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Essential Utilities, Inc. executive Christopher Paul Luning, EVP and General Counsel, reported an equity award of Common Stock. He received 4,531 restricted stock units, each representing a contingent right to one share of Common Stock at a reference price of $39.73 per share. The filing notes these restricted stock units vest in three equal installments on each anniversary of the grant. Following this award and additional shares acquired under the company’s Employee Stock Purchase Plan, his directly held Common Stock position is reported at 83,268.5 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Luning Christopher Paul
Role
EVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,531 | $39.73 | $180K |
Holdings After Transaction:
Common Stock — 83,268.5 shares (Direct)
Footnotes (1)
- Represents the award of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Common Stock. The restricted stock units vest one-third each year on the anniversary. Includes additional shares acquired under the Issuer's Employee Stock Purchase Plan since the date of the reporting person's last ownership report.
FAQ
What insider transaction did Essential Utilities (WTRG) report for Christopher Paul Luning?
Essential Utilities reported that EVP and General Counsel Christopher Paul Luning received an equity award of 4,531 restricted stock units of Common Stock. These units are a form of compensation, not an open‑market stock purchase or sale, and each unit represents one future share.
Was the Essential Utilities (WTRG) Form 4 a stock purchase or a grant for Christopher Paul Luning?
The Form 4 reflects a grant categorized as a “grant, award, or other acquisition,” not an open‑market stock purchase. Luning received 4,531 restricted stock units as part of his compensation, which vest over time and convert into shares upon satisfying the vesting schedule.
What are the vesting terms of Christopher Paul Luning’s restricted stock unit award at Essential Utilities (WTRG)?
The restricted stock units granted to Christopher Paul Luning vest in three equal installments. One‑third of the award vests on each anniversary of the grant date, meaning full vesting occurs over three years if he remains eligible under the plan’s terms.