SCHULLER DANIEL 4/A
Research Summary
AI-generated summary
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.