Form 4: Essential Utilities Executive Michael Huwar Reports Share Acquisition and Disposal
SEC Form 4 Filing
Michael Huwar, President of Essential Utilities, reports acquisition of shares through vesting of performance-based share units and subsequent disposal for tax obligations.
Summary
- On February 18, 2025, Michael Huwar, President of Essential Utilities, acquired 2,775 shares of common stock due to the vesting of performance-based share units awarded on February 16, 2022.
- The vesting determination was made by the Compensation Committee on February 18, 2025, with vesting occurring at 83.31%.
- Also on February 18, 2025, Mr. Huwar disposed of 1,859 shares to the issuer for tax obligations related to the vesting of restricted stock units and performance-based share units at a price of $35.65.
- Following these transactions, Mr. Huwar beneficially owns 13,797 shares of Essential Utilities common stock.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation transactions, neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date of original award of performance-based share units. |
| 02/18/2025 | Date of transaction: acquisition of shares upon vesting and disposition for tax obligations; Vesting determination by Compensation Committee. |
| 02/20/2025 | Date of signature on the Form 4 filing. |
Keywords
Essential Utilities, Michael Huwar, Form 4, Beneficial Ownership, Stock Acquisition, Stock Disposal, Vesting, Performance-Based Share Units, Tax Obligations
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