Form 4: American Water Works Company EVP, CHRO Melanie Kennedy Reports Stock Transaction

Melanie Kennedy, EVP, CHRO of American Water Works Company, reports a disposition of shares to cover tax obligations, while also increasing her holdings through dividend reinvestment.

Summary

• On January 31, 2025, Melanie M. Kennedy, EVP, CHRO of American Water Works Company, Inc. (AWK), reported a transaction involving the company's common stock.
• Kennedy disposed of 649 shares of common stock at a price of $124.64 per share to satisfy tax obligations.
• Following the transaction, Kennedy directly owns 15,822 shares of AWK common stock.
• Additionally, Kennedy acquired 231 shares through the automatic reinvestment of cash dividends.
• This acquisition is exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-11 thereunder.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The sale of shares is offset by dividend reinvestment, indicating continued investment in the company. It's a routine transaction.

Positives

• Kennedy increased her holdings through the automatic reinvestment of cash dividends, adding 231 shares to her portfolio.

Negatives

• Kennedy disposed of 649 shares to cover tax obligations.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive stock ownership.

Key Dates

Keywords

Form 4, AWK, American Water Works Company, Melanie Kennedy, Stock Transaction, Beneficial Ownership, Dividend Reinvestment, Executive Compensation