Knight Heather 4

What Happened
Heather Knight, a director of Waters Corporation (WAT), was granted equity awards on February 25, 2026: 23 restricted shares of common stock and a derivative award covering 57 shares (reported as an award/option). Both grants were issued at $0.00 (no cash exchanged), so the reported transaction value is $0.

Key Details

• Transaction date: 2026-02-25; Filing date: 2026-02-27 (filed timely).
• Awards: 23 restricted shares (direct common stock) and 57 derivative shares (stock option/award), both reported with a price of $0.00.
• Vesting/expiration notes: F1 — the 23 restricted shares lapse (become unrestricted) 100% on Feb 9, 2027. F2 — the 57-share option vests and becomes exercisable on Feb 9, 2027.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Transaction type code: A = Award/Grant. No sale, exercise, or cashless transaction occurred in this filing.

Context
These grants are compensation awards to a board member and are subject to vesting next year; they are not open-market purchases or sales and do not indicate an immediate change in holdings. Restricted shares and option awards are common components of director pay and should be viewed as routine compensation unless accompanied by other trading activity.