Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 21

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 21
---
., Inc. incurred in connection with the solicitation.                                                                                                |

| Q: | How can I vote the shares of American Water that I hold through American Water’s dividend reinvestment 
 and direct stock purchase plan?                                                                        |

| A: | Participants in American Water Stock Direct will receive the same materials as a holder of record and should 
 follow the voting instructions summarized above.                                                             |

| Q: | Will American Water be required to submit the share issuance proposal to American Water shareholders even if 
 the American Water board has withdrawn, modified, or qualified its recommendation?                           |

| A: | Yes. Unless the merger agreement is terminated prior to the American Water special meeting, American Water is                                                                          
 required to submit the share issuance proposal to its shareholders even if the American Water board has withdrawn, modified, or qualified its recommendation in favor of the proposal. |

| Q: | Am I entitled to exercise appraisal rights in respect of my American Water shares? |

| A: | No. American Water shareholders are not entitled to any appraisal rights in connection with the merger or any 
 other matter described in this joint proxy statement/prospectus.                                              |

| Q: | What else do I need to do now prior to the American Water special meeting? |

| A: | You are urged to read this joint proxy statement/prospectus carefully and in its entirety, including its                                                                                                    
 annexes and the information incorporated by reference herein, and to consider how the merger may affect you. Even if you plan to attend virtually the American Water special meeting, please vote promptly. |

For Essential Shareholders

| Q: | How will I receive the merger consideration in respect of my Essential shares if the merger is completed? |

| A: | If you are a shareholder of record of Essential shares and hold your shares in certificated form, you will                                                                                                                                           
 receive a letter of transmittal and instructions for use in surrendering shares of Essential common stock in exchange for (i) certificates representing whole shares of American Water common stock (or appropriate alternative arrangements made by 
 American Water if uncertificated shares of American Water common stock will be issued), (ii) cash in lieu of fractional shares of American Water common stock, and (iii) any dividends or distributions payable with respect to such Essential       
 common stock. The exchange of any book-entry shares will be made in accordance with the exchange agent’s customary procedures with respect to securities held in book-entry form.                                                                    |

If you are not a shareholder of record, but instead hold your shares of Essential common