Essential Utilities EVP gets stock grant, withholds for taxes
Essential Utilities, Inc. executive vice president and general counsel Christopher Paul Luning reported equity compensation activity in company common stock.
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Rhea-AI Filing Summary
Essential Utilities, Inc. executive vice president and general counsel Christopher Paul Luning reported equity compensation activity in company common stock. He acquired 4,804 shares at no cost through the earning and vesting of performance-based share units originally granted on 2/22/2023, after the Compensation Committee determined vesting on 02/04/2026 at 63.58% of the award.
To satisfy tax obligations triggered by the vesting of restricted stock units and performance-based share units, 3,465 shares were disposed of back to the issuer at $38.78 per share in a tax-withholding transaction. Following these transactions, Luning directly owns 84,607.5 shares of Essential Utilities common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,804 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,465 | $38.78 | $134K |
Footnotes (2)
- F1. 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%.
- F2. Disposition to issuer for tax obligations upon the vesting of restricted stock units and performance-based share units.
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