FEARON RICHARD H 4

What Happened Richard H. Fearon, a director of Waters Corp (WAT), was granted awards on February 25, 2026 totaling 80 shares: 23 shares of restricted common stock reported at $0 and 57 derivative shares tied to an option also reported at $0. These were recorded as acquisitions (code A) on the Form 4 filed Feb 27, 2026. No cash changed hands in the filing — these are compensation awards rather than open-market purchases.

Key Details

• Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (timely).
• Reported terms: 23 shares @ $0.00 (restricted stock); 57 shares @ $0.00 (derivative/option-related).
• Shares owned after the transaction: not specified in the provided summary of the filing.
• Footnotes:
  • F1: The 23 restricted shares are subject to restrictions that lapse 100% on February 9, 2027.
  • F2: The 57 derivative shares are tied to a stock option that will vest and become exercisable on February 9, 2027.
• Transaction type: Award/Grant (compensation), not a sale or open-market purchase.

Context These grants are standard director compensation and do not involve an immediate exercise or sale. The derivative portion reflects an option that vests next year (Feb 9, 2027); until then those shares are not freely tradable. Because the filing shows awards at $0, it reflects grant reporting rather than a cash transaction — such awards are common and should be viewed as compensation rather than a direct bullish or bearish signal.