BADDOUR LINDA 4

What Happened

• Linda Baddour, a director of Waters Corporation (WAT), received equity awards on February 25, 2026. The filing shows a grant of 23 shares of common stock (restricted) and an award of 57 derivative shares (stock-option–type award), both with an acquisition price of $0.00, for a total of 80 awarded shares.

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (timely filing).
• Awards: 23 restricted shares (award) and 57 derivative shares (award of option/other derivative); total value to insider at grant = $0 (no cash paid).
• Vesting/exercise schedule: 100% of the 23 restricted shares vest on February 9, 2027 (Footnote F1). The 57 derivative shares will vest/become exercisable on February 9, 2027 (Footnote F2).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant (no sale or exercise took place).

Context

• The 23 shares are restricted stock that will convert to freely tradable shares when restrictions lapse on 2027-02-09. The 57- share derivative award appears to be an option-like grant that becomes exercisable on the same date; this was not an exercise or sale. Grants to directors are common as compensation and are not direct indications of buying or selling sentiment.