Huwar Michael 4

What Happened

• Michael Huwar, President of Essential Utilities (WTRG), was granted two types of equity awards on Jan 23, 2026: 3,650 restricted stock units (RSUs) and a grant of 8,769 stock options. The RSUs were reported at $0.00 (standard for awards) and the option grant shows an exercise/strike price of $39.19 with a reported value of $343,657. These were grants (awards), not purchases or sales.

Key Details

• Transaction date: 2026-01-23; Form 4 filed 2026-01-27 (appears timely).
• RSUs: 3,650 units (footnote: each RSU converts to one share; vest one-third each year on anniversary).
• Options/derivative: 8,769 option shares granted with exercise price $39.19; vest one-third each year on anniversary (footnote indicates these are stock options).
• Reported aggregate value for the derivative grant: $343,657.
• Shares owned after the transaction: not specified here — see the full Form 4 for total holdings and Item 11 disclosure.
• Footnotes: F1 = RSUs convert to one share each and vest one-third per year; F2 references RSU shares omitted from a prior 2025 filing; F3 confirms the 8,769-share grant is stock options vesting in thirds.
• Filing timeliness: No late filing flagged in the provided data.

Context

• These were compensation grants (awards), a routine way companies pay executives; they are not open-market purchases that signal immediate personal investment. The option grant gives Huwar the right to buy shares at $39.19 in the future (subject to vesting); it does not mean shares were exercised or sold. Vesting over three years means the awards are time-based retention/compensation, not immediate liquidity events.