Huwar Michael 4/A
4/A · Essential Utilities, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Essential Utilities (WTRG) President Michael Huwar Receives Award; Shares Withheld
What Happened
- Michael Huwar, President — Peoples, received 2,598.5 shares on 2026-02-22 when performance-based share units vested. The award shows an acquisition at $0.00 per share.
- To satisfy tax obligations on the vesting, 1,939 shares were surrendered/disposed to the issuer at $38.78 per share for a total tax withholding of $75,194 (reported as code F).
Key Details
- Transaction dates: 2026-02-22 (vesting and withholding); Form 4 filed/amended 2026-03-03.
- Award details: These shares stem from performance-based share units granted 02/22/2023; the Compensation Committee determined vesting on 02/04/2026 at 63.58% (footnote F1).
- Withholding: Disposition to issuer for tax obligations; this amended Form 4 finalizes the number of shares withheld (footnote F2). Transaction codes: A = award/acquisition; F = tax withholding.
- Filing timeliness: This is an amended Form 4 filed 9 days after the transaction date; the amendment provides final withholding calculations.
- Shares owned after the transaction: not specified in the filing.
Context
- This was not an open-market sale or purchase by the insider; the 1,939-share disposition was a company withholding to cover taxes on vested restricted/performance shares (a routine administrative step). No implication about buy/sell sentiment should be inferred from tax withholding.
Insider Transaction Report
Form 4/AAmended
Huwar Michael
President - Peoples
Transactions
- Award
Common Stock
[F1]2026-02-22+2,598.5→ 23,361.5 total - Tax Payment
Common Stock
[F2]2026-02-22$38.78/sh−1,939$75,194→ 21,422.5 total
Footnotes (2)
- [F1]Represents acquisition of shares upon the earning and vesting of performance-based share units awarded on 2/22/2023. Vesting determination was made by the Compensation Committee on 02/04/2026. Represents vesting at 63.58%.
- [F2]Disposition to issuer for tax obligations upon the vesting of restricted stock units and performance-based share units. This amended Form 4 provides the final calculations of the number of shares withheld.
Signature
Kimberly A. Joyce, attorney-in-fact for Mr. Huwar|2026-03-03