Luning Christopher Paul 4

What Happened

• Christopher Paul Luning, EVP and General Counsel of Essential Utilities (WTRG), was awarded 4,531 restricted stock units (RSUs) on February 17, 2026. The award is recorded at an acquisition value of $39.73 per share, totaling $180,017. This was a compensation award (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-17; filing date: 2026-02-19 (Form 4 accession 0000078128-26-000035).
• Grant price / reported value: $39.73 per RSU; total reported value $180,017.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: These are restricted stock units; each RSU is a contingent right to one share and vests one-third each year on the anniversary (three-year vesting).
  • F2: The filing also notes additional shares acquired under the issuer's Employee Stock Purchase Plan since the filer’s last ownership report.
• Filing timeliness: Filed two days after the transaction date; no indication in the filing excerpt that it was late.

Context

• RSU awards are compensation and represent a future right to receive shares as they vest; they are not the same as an insider buying stock on the open market. Vesting over three years means the shares are not immediately tradable upon grant. Such awards are common for executive compensation and are informational rather than a direct market-confidence signal.