Form 4: Waters Corp Executive Robert L. Carpio III Reports Stock and Option Awards

Robert L. Carpio III, SVP of Waters Division at Waters Corp, reports the acquisition of restricted stock units and stock options, along with an adjustment to previously reported holdings.

Summary

• Robert L. Carpio III, a Senior Vice President at Waters Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates the acquisition of 543 shares of common stock through restricted stock units and 2,796 stock options on February 5, 2025.
• The stock options have an exercise price of $414.09.
• The filing also includes a correction to a previous administrative error regarding the amount of securities beneficially owned.
• Both the restricted stock units and options vest 20% per annum over five years, starting February 5, 2026.
• Carpio also granted a Power of Attorney to Keeley Aleman, Michael Lynn, Jodi Brueggeman and Christina Kelleher to handle SEC filings on his behalf.

Sentiment

Score: 7

Explanation: The document is neutral to slightly positive. It reflects standard executive compensation practices and insider ownership transparency. The correction of an administrative error is a positive sign of attention to detail.

Positives

• The acquisition of stock and options suggests continued alignment of the executive's interests with those of the company and its shareholders.

Future Outlook

The vesting schedule of the restricted stock units and options (20% per annum for five years starting February 5, 2026) indicates a long-term incentive structure for the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing is typical for executives receiving stock-based compensation.

Comparison to Industry Standards

• Stock option grants and restricted stock units are common forms of executive compensation in publicly traded companies, particularly in the technology and life sciences sectors, where Waters Corp operates.
• Vesting schedules of 20% per annum over five years are fairly standard for these types of equity awards, aligning executive incentives with long-term company performance.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.
• The equity-based compensation structure aligns executive interests with shareholder value.

Key Dates