Norton Cheryl 4

What Happened

• Cheryl Norton, EVP and COO of American Water Works (AWK), received awards on Feb 17, 2026: 4,258 restricted stock units (RSUs) granted and 5,901 performance stock units (PSUs) that vested. Concurrently, 2,910 shares were surrendered/ disposed to satisfy tax withholding, at $133.51 per share for proceeds of $388,514. The RSUs were granted at $0.00 (standard for awards).

Key Details

• Transaction dates: February 17, 2026 (reported Feb 18, 2026 — filing appears timely).
• Awards: 4,258 RSUs (grant) @ $0.00; 5,901 PSUs (vested) @ $0.00.
• Disposition/Withholding: 2,910 shares disposed at $133.51 each, total $388,514 (tax withholding/payment).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes:
  • F1: RSUs granted 2/17/2026 will vest in ~three equal installments on Jan 31, 2027, 2028 and 2029, subject to continued employment/retirement provisions; settled in shares only.
  • F2: PSUs were granted Feb 2023 and vested on Feb 17, 2026; settled in shares only.
• Transaction code F indicates shares were used to satisfy tax withholding obligations (routine).

Context

• This activity appears to be compensation-related (vesting and new RSU grant) rather than an open-market buy or discretionary sale; the sale/disposition was to cover tax liability on vested awards.
• For retail investors, compensation-related sales/withholdings are routine and do not necessarily signal a change in executive sentiment about the stock.