Essential Utilities, Inc.·4/A

Mar 3, 5:26 PM ET

SCHULLER DANIEL 4/A

Research Summary

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Updated

Essential Utilities (WTRG) EVP Daniel Schuller Receives Award

What Happened

  • Daniel Schuller, Executive Vice President of Essential Utilities (WTRG), received 6,682 shares on 2026-02-22 upon the vesting of performance-based share units (awarded 2/22/2023). The shares were issued at $0 as a result of vesting.
  • To cover tax obligations, 4,683 of those vested shares were surrendered to the issuer at $38.78 per share (total value ~$181,607). After withholding, Schuller received a net 1,999 shares (6,682 vested − 4,683 withheld). This transaction represents vesting/award activity rather than an open-market buy or sell.

Key Details

  • Transaction date: 2026-02-22; Amended Form 4 filed 2026-03-03 to finalize withholding numbers.
  • Acquisition: 6,682 shares @ $0.00 (code A — vesting of performance-based share units).
  • Disposition (tax withholding): 4,683 shares @ $38.78 (code F) — value ~$181,607.
  • Net shares delivered to insider after withholding: 1,999 (calculated from reported amounts).
  • Footnotes: F1 — vesting relates to performance-based share units awarded 2/22/2023; Compensation Committee certified vesting at 63.58% on 02/04/2026. F2 — shares were surrendered to issuer to satisfy tax withholding; this filing is an amendment providing final withholding calculations.
  • Beneficial ownership after the transaction is not specified in the provided filing extract.

Context

  • This was a vesting event of performance-based equity, not an open-market sale or purchase. Withholding shares to cover taxes is a routine administrative step and does not necessarily signal insider sentiment about the stock.
  • The filing is amended to provide final calculations of shares withheld; amendments commonly correct or finalize earlier reporting.