SEC Form 4 · accession 0001127602-19-009588
Essential Utilities, Inc. · WTRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Paul Luning
Officer — Sr. VP, General Counsel & Sec
Period of report
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 5:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000078128
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 28, 2019 | A | 4,806 | $0.00 | A | 49,004 | D | |
| Common StockF3 | Feb 28, 2019 | F | 3,674 | $35.605 | D | 45,330 | D | |
| Common StockF4 | Feb 28, 2019 | A | 2,548 | $0.00 | A | 47,878 | D | |
| Common Stock 401kF5 | holding | — | — | — | 1,452 | I | 401k |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F6 | $35.94 | Feb 28, 2019 | A | 39,107 | A | Feb 28, 2020 | Feb 28, 2029 | Common Stock | 39,107 | 39,107 | D |
Explanation of responses
- F1Represents acquisition of shares upon the earning and vesting of performance-based share units awarded on 02/21/2016. Vesting determination was made by the Compensation Committee on 2/28/2019. Represents vesting at 70.68% of target.
- F2Includes additional shares acquired under the Issuer's Employee Stock Purchase Plan since the date of the reporting person's last ownership report.
- F3Disposition to issuer for tax obligations upon the vesting of restricted stock units and performance-based share units.
- F4Represents award of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Common Stock. The restricted stock units vest on February 28, 2022.
- F5Includes shares acquired under the Company's 401k plan since the last filing.
- F6Grant of 39,107 shares of stock options which vest one-third each year on the anniversary of the grant, subject to achievement of designated performance goals.