Company: AWK
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001193125-25-064607
Chunk: 41

Company: American Water Works Company, Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 41
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 in 2024 at the time of the distribution of shares underlying stock unit awards. |

| (3) | As of December 31, 2024, Ms. Goss held 1,376 director stock units. |

| (4) | As of December 31, 2024, Ms. Johnson held 4,618 director stock units. |

| (5) | Mr. Kurz elected to defer the receipt of 100 percent of his 2024 annual cash retainer fees. |

| (6) | Mr. Marberry elected to defer the receipt of 50 percent of his 2024 annual cash retainer fees. |

| (7) | Mr. McGuigan was initially elected to the Board on October 29, 2024 and received a pro rated equity award based on the date of such election. |

| (8) | Admiral Stavridis served as a member of the Board until his resignation effective February 12, 2024. |

We did not grant stock options to non-employeedirectors in 2024 and none of the non-employeedirectors held any Company stock options as of December 31, 2024.

| 26 |     | AMERICAN WATER | 2025 PROXY STATEMENT |

NON-EMPLOYEEDIRECTOR STOCK OWNERSHIP REQUIREMENTS To align the interests of our directors and shareholders, we have a stock ownership policy for non-employeedirectors under which each such director is required to hold shares equaling five times the director’s annual cash retainer by the fifth anniversary of the commencement of service as a director. Each of our non-employeedirectors satisfied the stock ownership requirement as of December 31, 2024, except for Ms. Havanec and Mr. McGuigan, who are currently within their five-year compliance periods. RECOMMENDATION OF THE BOARD The Board unanimously recommends a vote “ FOR” the election of each of the eight director nominees as named in this proxy statement.

| AMERICAN WATER | 2025 PROXY STATEMENT |     | 27 |

PROPOSAL 2 VOTE TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS BACKGROUND OF THE PROPOSAL Section 14A of the Securities Exchange Act of 1934, as amended, or the Exchange Act, requires that our shareholders receive the opportunity to vote to approve, on an advisory (non-binding)basis