Franklin Chris 4

What Happened

• Chris Franklin, CEO of Essential Utilities (WTRG), was granted 10,068 restricted stock units (RSUs) on Feb 17, 2026. The RSUs are reported at a grant value of $39.73 per unit, totaling $400,002.
• This was an award/grant (transaction code A), i.e., a compensation grant — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-19.
• Grant amount: 10,068 RSUs at $39.73 per unit; total value $400,002.
• Shares owned after transaction: not stated in the filing.
• Footnote: F1 — each RSU represents a contingent right to one share of common stock; RSUs vest one-third each year on the anniversary of the grant.
• Filing timeliness: Form filed two days after the transaction date; no late filing flag indicated.

Context

• RSUs are a compensation mechanism and do not convey actual shares until they vest; the vesting schedule (one-third per year) means ownership will be delivered over time as conditions are met.
• Awards like this are common for executives and reflect compensation decisions by the company rather than immediate insider buying or selling activity.