Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 237

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 237
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 for the year ended December 31, 2024, have been so incorporated in reliance on
the report of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

Essential

The consolidated financial statements and
management’s assessment of the effectiveness of internal control over financial reporting (which is included in Management’s Report on Internal Control over Financial Reporting) incorporated in this registration statement on Form S-4 by reference to Essential Utilities, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2024 have been so incorporated in reliance on the report
of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

176

AMERICAN WATER PROPOSALS

PROPOSAL 1 — SHARE ISSUANCE PROPOSAL

American Water shareholders are being asked to consider and vote on the share issuance proposal, a proposal to approve the issuance of shares of American
Water common stock pursuant to the merger agreement. For a summary and detailed information regarding the share issuance proposal, see the information about the merger and the merger agreement throughout this joint proxy statement/prospectus,
including the information set forth in sections entitled “The Merger” beginning on page 57 and “The Merger Agreement” beginning on page 120. A copy of the merger agreement is attached as Annex A to
this joint proxy statement/prospectus.

If you sign and return a proxy and do not indicate how you wish to vote on either proposal, or if you indicate how
you wish to vote on the American Water adjournment proposal but do not indicate a choice on the share issuance proposal, your shares will be voted in favor of the share issuance proposal.

Approval of the share issuance proposal by American Water shareholders is required to complete the transactions contemplated by the merger agreement. If the
share issuance proposal is not approved, the merger will not be completed.

Required Vote

Assuming a quorum is present at the American Water special meeting, approval of the share issuance proposal requires the affirmative vote of holders of a
majority of the shares of American Water common stock present in person, by remote communication, or represented by proxy at the American Water special meeting and entitled to vote on the share issuance proposal. Abstentions will be counted as a
vote “AGAINST” the share issuance proposal; broker non-votes will not be taken into account in determining the outcome