Form 4: Essential Utilities Executive Daniel Schuller Reports Share Transactions

Executive Vice President Daniel Schuller reports acquisition and disposal of Essential Utilities, Inc. shares related to vesting of performance-based share units.

Summary

• Daniel Schuller, an Executive Vice President at Essential Utilities, Inc., reported transactions involving the company's common stock on February 26, 2024.
• He acquired 6,468 shares upon the vesting of performance-based share units awarded on February 24, 2021, at a price of $0.
• The vesting determination was made by the Compensation Committee on February 7, 2024, and represented vesting at 77.94%.
• Schuller also disposed of 4,879 shares to the issuer for tax obligations upon the vesting of restricted stock and performance-based share units at a price of $35.48.
• Following these transactions, Schuller directly owns 61,098 shares of Essential Utilities, Inc. common stock and indirectly owns 999.8 shares through a 401k.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing share transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The vesting of performance-based share units indicates that Schuller met certain performance criteria.

Negatives

• The disposal of shares to cover tax obligations reduces Schuller's overall holdings in the company.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in Schuller's holdings.

Key Dates