Form 4: American Water Works Executive Sells Shares in Recent Transaction

Cheryl Norton, EVP and COO of American Water Works, sold a portion of her holdings in the company's common stock on November 22, 2024.

Summary

• Cheryl Norton, an Executive Vice President and Chief Operating Officer at American Water Works Company, Inc., sold shares of the company's common stock on November 22, 2024.
• The sales were executed in two transactions, with 2,875 shares sold at a weighted average price of $138.23 and 1,772 shares sold at $138.04.
• Following these transactions, Ms. Norton directly owns 17,552 shares of American Water Works common stock.
• The reported price for the first transaction is a weighted average, with individual sales ranging from $138.22 to $138.27.
• The total number of shares owned includes 83 shares acquired through the automatic reinvestment of cash dividends.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock sales by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to an executive's stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The reported transactions are typical for executives managing their personal investment portfolios.
• Similar filings are made by executives at comparable companies such as Essential Utilities (WTRG) and California Water Service Group (CWT).

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial health.

Key Dates

Keywords

American Water Works, AWK, Cheryl Norton, stock sale, executive transaction, Form 4, insider trading