Arnold Colleen 4/A
4/A · Essential Utilities, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Essential Utilities (WTRG) President Colleen Arnold Receives Award, Sells Shares
What Happened
- Colleen Arnold, President — Aqua at Essential Utilities (WTRG), had performance-based share units vest on 2026-02-22. A total of 2,747 shares were acquired upon vesting (reported as an award, code A). To cover tax withholding on the vesting, 2,053 shares were surrendered to the issuer at an imputed price of $38.78, resulting in $79,615 withheld (reported as code F).
- This transaction reflects vesting and tax withholding (a routine, non-market sale), not an open-market purchase or directional trade by the insider.
Key Details
- Transaction date(s): 2026-02-22 (reported in an amended Form 4 filed 2026-03-03).
- Shares acquired (vesting): 2,747 shares at $0.00 (award/vesting).
- Shares withheld for taxes: 2,053 shares at $38.78 (proceeds/withholding = $79,615).
- Footnotes: F1 — Vesting of PSUs awarded 2/22/2023; Compensation Committee determined vesting on 02/04/2026 and the PSUs vested at 63.58%. F2 — Shares were surrendered to the issuer to satisfy tax obligations; this is an amended filing providing final withholding calculations and the corrected filing date.
- Shares owned after transaction: Not specified in the information provided in this filing.
- Timeliness/filing: This is an amended Form 4 (corrects withholding calculations and filing date).
Context
- This was not an open-market sale by the insider — the 2,053-share disposition was a cashless surrender to the company to cover tax liabilities on vested equity, which is common and routine. Vesting at 63.58% indicates partial payout of performance-based units relative to target; such vesting results from pre-set performance measures and does not itself signal an insider buying or selling in the market.
Insider Transaction Report
Form 4/AAmended
Arnold Colleen
President - Aqua
Transactions
- Award
Common Stock
[F1]2026-02-22+2,747→ 22,157 total - Tax Payment
Common Stock
[F2]2026-02-22$38.78/sh−2,053$79,615→ 1,925 total
Footnotes (2)
- [F1]Represents acquisition of shares upon the earning and vesting of performance-based share units awarded on 2/22/2023. Vesting determination was made by the Compensation Committee on 02/04/2026. Represents vesting at 63.58%.
- [F2]Disposition to issuer for tax obligations upon the vesting of restricted stock units and performance-based share units. This amended Form 4 provides the final calculations of the number of shares withheld and the correct date filed.
Signature
Kimberly A. Joyce, attorney-in-fact for Ms. Arnold|2026-03-03