Form 4: American Water Works Company Executive Sells Shares to Cover Tax Obligations

Cheryl Norton, EVP and COO of American Water Works Company, sold 1,472 shares of common stock on January 31, 2025, to cover tax obligations arising from vesting of restricted stock.

Summary

• On January 31, 2025, Cheryl Norton, the EVP and COO of American Water Works Company, Inc. (AWK), disposed of 1,472 shares of common stock.
• The transaction was executed at a price of $124.64 per share.
• This sale was conducted to cover tax obligations related to the vesting of restricted stock.
• Following the transaction, Norton directly owns 16,170 shares of American Water Works Company, Inc.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine transaction for tax purposes and doesn't indicate a change in the executive's confidence in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice among executives who receive stock-based compensation.

Stakeholder Impact

• The sale of shares by an executive can have a minor impact on shareholders, but this transaction is unlikely to have a significant effect due to its routine nature and relatively small size.

Key Dates

Keywords

Form 4, AWK, American Water Works Company, Cheryl Norton, Executive Stock Sale, Insider Trading, Stock Transaction, EVP and COO