Form 4: Waters Director Exercises Options, Boosts Holdings

Waters Corp. Director Christopher Kuebler exercised stock options and increased his direct common stock holdings by a net of 2,443 shares.

Summary

• Christopher A. Kuebler, a Director at Waters Corp., executed a transaction on November 5, 2025, involving the exercise of stock options and subsequent adjustment of common stock holdings.
• He acquired 3,761 shares of Common Stock by exercising a stock option at an exercise price of $130.35 per share.
• Concurrently, 1,318 shares of Common Stock were withheld by the Issuer to cover the exercise price, with these shares valued at $371.97 per share.
• Following these transactions, Kuebler's direct beneficial ownership of Common Stock increased by a net of 2,443 shares, resulting in a total of 17,478 shares.
• The exercised stock option, which was granted on January 4, 2017, and set to expire on January 4, 2026, is now fully exercised, leaving 0 derivative securities of this type.
• The transaction was made pursuant to a Rule 10b5-1 plan.

Sentiment

Score: 7

Explanation: The exercise of options at a significantly lower price than the market value indicates a positive outcome for the insider and reflects well on the company's stock performance over the option's life. The net increase in holdings is also generally seen as positive.

Positives

• Director Christopher Kuebler exercised stock options, indicating a realization of value from previously granted equity incentives.
• The market price of the shares ($371.97) at the time of the transaction significantly exceeded the option exercise price ($130.35), demonstrating substantial appreciation in Waters Corp. stock value since the option grant.
• The transaction was conducted under a Rule 10b5-1 plan, suggesting a pre-planned and systematic approach to insider trading compliance.

Negatives

• No specific negative aspects are discernible from this routine insider transaction filing.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency into director's equity holdings and a routine insider transaction, which is generally not expected to have a significant impact on share price.
• Employees, Customers, Suppliers, Creditors: No direct impact from this filing.

Key Dates

Keywords

Waters Corp, WAT, insider trading, Form 4, stock option, director, equity, beneficial ownership, Rule 10b5-1