Fraser Claire 4

What Happened Claire Fraser, a director of Waters Corp. (WAT), was granted equity awards on Feb 25, 2026: 358 restricted shares of common stock (acquired at $0.00) and an award covering 877 option shares (derivative award, $0.00). The reported grants have no purchase price ($0) and together represent 1,235 shares of economic exposure via restricted stock and an option award.

Key Details

• Transaction date: 2026-02-25; Filing date: 2026-02-27 (filed within the normal two-business-day Form 4 window).
• Grants: 358 restricted shares @ $0.00; 877 shares as a derivative award @ $0.00.
• Total immediate cash paid: $0.00 (award/grant).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1: The 358 restricted shares are subject to restrictions that lapse 100% on Feb 9, 2027.
  • F2: The 877 option shares will vest and become exercisable on Feb 9, 2027.
• Transaction code: A = Award/Grant.

Context These awards are standard director equity compensation (not a sale or open-market purchase). The derivative award indicates stock options or similar rights that do not become exercisable until the stated vesting date; there is no indication the options were exercised or shares sold. Such awards are common for board members and do not by themselves indicate buying or selling sentiment.