Company: AWK
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001193125-25-064607
Chunk: 79

Company: American Water Works Company, Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 79
---
 fully exercisable, all restrictions upon awards will lapse and all stock units will fully vest, upon the change of control. If a grant is assumed in connection with a change of control, and if, within the 12-monthperiod following the occurrence of such change of control, the participant ceases to be employed by, or providing service to, the surviving corporation (or a parent or subsidiary of the surviving corporation) on account of:

| · |     | a termination of such participant’s employment by the surviving corporation (or a parent or subsidiary of the surviving corporation) for any reason other than due to cause (as defined in the 2017 Omnibus Plan), death or disability (as defined in the 2017 Omnibus Plan), or |

| · |     | a termination of employment or service by the participant for good reason (as defined in the 2017 Omnibus Plan), |

then as of the date of such termination of employment or service:

| · |     | all awards will be accelerated; |

| · |     | all restrictions and conditions upon awards will lapse; and |

| · |     | all stock units will be fully vested. |

Notwithstanding the foregoing, in the event of a change of control, the ED&CC may take any of the following actions with respect to any outstanding grants:

| · |     | accelerate all outstanding options; |

| · |     | lapse all restrictions and conditions on outstanding stock awards; |

| · |     | vest all outstanding stock units; |

| · |     | require participants to surrender their outstanding options in exchange for payment; |

| · |     | terminate any unexercised options after giving participants an opportunity to exercise their options; and |

| · |     | determine that participants receive a payment in settlement of outstanding stock awards, stock units, dividend equivalents or other stock-based awards. |

The ED&CC has granted long-term equity awards under the 2017 Omnibus Plan to persons serving in the CEO, President, CFO and COO roles to provide for continued vesting of these equity awards after retirement under certain circumstances. For further information, see “Compensation Discussion and Analysis—Ongoing and Post-Employment Arrangements and Benefit Plans—Terms of Outstanding Equity Grants” on page 43 of this proxy statement.

Quantification of Potential Payments on Termination or Change of Control The following tables quantify the potential payments and benefits to which the NEOs named below would have been entitled to receive if one of several different termination of employment or change