SEC Form 4 · accession 0001127602-19-009649
Essential Utilities, Inc. · WTRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Rhodes
Officer — EVP, Strategy & Corp Dev
Period of report
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 5:32 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 | Feb 28, 2019 | A | 2,846 | $0.00 | A | 16,194 | D | |
| Common StockF2 | Feb 28, 2019 | F | 2,340 | $35.605 | D | 13,854 | D |
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)F3 | $35.94 | Feb 28, 2019 | A | 43,694 | A | Feb 28, 2020 | Feb 28, 2029 | Common Stock | 43,694 | 43,694 | D |
Explanation of responses
- F1Represents 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.
- F2Disposition to issuer for tax obligations upon the vesting of restricted stock units.
- F3Grant of 43,694 shares of stock options which vest one-third each year on the anniversary of the grant, subject to the achievement of designated performance goals.