Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 192

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 192
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, combine or reclassify any Essential equity securities or authorize or propose the issuance of other                                                                                                                                 
 securities of Essential or (ii) repurchase, redeem or otherwise acquire any Essential equity securities, except for transactions (A) among Essential and any wholly owned subsidiary, (B) among wholly owned subsidiaries which remain         
 wholly owned subsidiaries after completion of such transaction, (C) required by any specified Essential benefit plan, and (D) pursuant to the Essential Dividend Reinvestment and Direct Stock Purchase Plan (and, in the case of transactions 
 described in foregoing clauses (A) and (B), if they are in the ordinary course of business consistent with past practice and do not adversely affect Essential);                                                                               |

| • |     | except for transactions (i) among Essential and any wholly owned subsidiary or (ii) among wholly owned                                                                                                                                                    
 subsidiaries, in each case, in the ordinary course of business consistent with past practice and that do not adversely affect Essential, issue, sell, pledge, dispose of or encumber, or authorize the issuance, sale, pledge, disposition or encumbrance 
 of, any Essential equity securities (except as otherwise provided by the terms of the merger agreement or as required by the terms of any specified Essential benefit plan or the Essential Dividend Reinvestment and Direct Stock Purchase Plan), other  
 than (A) issuances of shares of Essential common stock in respect of any exercise of Essential stock options and settlement of any equity awards outstanding on the date of the merger agreement or as may be granted after such date as permitted        
 under the merger agreement in accordance with their respective terms and (B) the issuances of Essential common stock pursuant to the terms of Essential’s employee stock purchase plan in respect of such offering period;                                |

| • |     | adopt a plan or agreement of complete or partial liquidation, dissolution, merger, consolidation, restructuring,                                                                                                                              
 recapitalization or other reorganization, or enter into a letter of intent or agreement in principle with respect thereto, other than the merger and other than any merger, consolidation, restructuring or reorganization among wholly owned 
 subsidiaries in the ordinary course of business consistent with past practice and that do not adversely affect Essential;                                                                                                                     |

| • |     | redeem, repurchase, defease, cancel or otherwise acquire indebtedness of Essential or its subsidiaries, other                                                                                                                                    
 than (i) transactions among Essential and any wholly owned subsidiary or among wholly owned subsidiaries, in each case, in the ordinary course of business consistent with past practice and that do not adversely affect