Norton Cheryl 4
Research Summary
AI-generated summary
American Water (AWK) EVP Cheryl Norton Sells 1,777 Shares for Tax Withholding
What Happened
- Cheryl Norton, EVP and COO of American Water Works Company, disposed of 1,777 shares on January 31, 2026. The shares were disposed at $129.13 per share, totaling approximately $229,464.
- This transaction is listed with code F, meaning the shares were used to satisfy an exercise price or tax liability (i.e., shares withheld for tax/payment), not an open-market sale for investment purposes.
Key Details
- Transaction date: 2026-01-31 at $129.13 per share; total value ≈ $229,464.
- Shares owned after the reported transaction: not stated in the provided filing summary.
- Footnote: F1 notes ~346 shares were acquired via automatic dividend reinvestment (DRIP) since the last Form 4; those DRIP shares are exempt from Section 16 reporting under Rule 16a-11.
- Filing timeliness: no late-filing flag provided in the supplied information.
Context
- Code F transactions are typically tax-withholding or exercise-price payments following an option exercise or restricted stock vesting. They are routine administrative disposals and do not necessarily indicate a change in the insider’s view on the company.
- For retail investors, purchases signal stronger affirmative interest than routine withholding disposals like this one.