Batra Udit 4

What Happened

• Udit Batra, President & CEO and a director of Waters Corp (WAT), was credited with 7,066 performance-based restricted stock units (PSUs) on Feb 4, 2026 (recorded as an award at $0). Following vesting/settlement activity, 218 shares were withheld on Feb 5, 2026 to satisfy tax withholding obligations, disposed at $376.89 per share for a withholding value of $82,162.
• The award is a grant of PSUs (not a market purchase). The withholding of 218 shares is a routine tax-related disposition, not an open-market sale for investment purposes.

Key Details

• Transaction dates and prices:
  • 2026-02-04: Award of 7,066 PSUs, $0.00 per share (grant/award).
  • 2026-02-05: 218 shares withheld for taxes at $376.89 each (disposition), total ~$82,162.
• Shares owned after transaction: Not specified in the provided Form 4.
• Footnotes:
  • F1: PSUs were originally granted on Feb 8, 2023. Performance goals were certified by the Compensation Committee on Feb 4, 2026; PSUs will vest in full upon satisfaction of a service requirement on March 1, 2026 and convert 1:1 into common shares upon settlement.
  • F2: The 218 shares represent shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting/settlement of previously reported RSUs.
• Filing timeliness: Form 4 filed Feb 6, 2026 for transactions on Feb 4–5, 2026 — appears timely under Section 16 reporting rules.

Context

• These transactions reflect the administrative settlement of performance-based RSUs rather than a discretionary buy or sell signaling sentiment. Withholding shares to cover taxes is common when equity awards vest and generally does not indicate a decision to liquidate beyond tax obligations.
• The PSUs will convert to common shares on a one-to-one basis upon final vesting/settlement (service requirement due March 1, 2026).