Nathoo Raffiq 4
Research Summary
AI-generated summary
American Water (AWK) Director Raffiq Nathoo Receives 1,374-Share Award
What Happened Raffiq Nathoo, a director of American Water Works Company, Inc. (AWK), received an award of 1,374 stock units on 2026-05-13. The units vested on the grant date and were converted immediately into 1,374 shares of AWK common stock. The reported acquisition price is $0.00 (award/grant), meaning no cash was paid by the insider.
Key Details
- Transaction date: 2026-05-13 (report filed same day: 2026-05-13).
- Transaction type/code: Award/Grant (A).
- Shares acquired: 1,374 shares at $0.00 per share.
- Reported cash value on form: $0 (award/vesting conversion into shares).
- Footnote: Units settle solely in common stock on a one-share-per-unit basis; they vested on the grant date and converted immediately to shares.
- Shares owned following the transaction: not specified in the filing.
Context This was a compensation-related equity award that vested immediately and converted into common stock. Such awards reflect company compensation practices rather than an open-market purchase or sale by the insider, so they do not necessarily indicate the insider’s market sentiment.