Mitchell Stacy A. 4
Research Summary
AI-generated summary
American Water (AWK) EVP Stacy A. Mitchell Surrenders 729 Shares for Taxes
What Happened
- Stacy A. Mitchell, EVP and General Counsel of American Water Works (AWK), disposed of 729 shares on Jan 31, 2026 to satisfy a tax liability (reporting code F). The shares were valued at $129.13 each, totaling about $94,136. This was a share surrender to cover taxes rather than an open-market sale.
Key Details
- Transaction date: January 31, 2026; filing date: February 2, 2026 (Form 4).
- Disposal: 729 shares at $129.13 per share for a total of ~$94,136.
- Transaction code F indicates shares were withheld/surrendered to cover tax obligations (common after option exercises or vesting).
- Footnote: approximately 80 shares were acquired via automatic dividend reinvestment since the last Form 4; those reinvested shares are exempt from Section 16 under Rule 16a-11.
- Shares owned after the transaction: not provided in the supplied excerpt.
Context
- Code F transactions are typically routine tax-withholding actions (the company retains/surrenders shares to satisfy tax withholding) and do not necessarily signal a deliberate market-sale decision by the insider.
- For retail investors, such transactions are usually administrative; purchases or open-market sales by insiders are generally more informative about sentiment.