Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 29

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 29
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 reimburse the reasonable and customary expenses of MacKenzie Partners, Inc. incurred in connection with the solicitation.                                                                                                              |

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

| A: | Participants in Essential’s dividend reinvestment and direct stock purchase plan will receive the same 
 materials as a holder of record and should follow the voting instructions summarized above.            |

| Q: | Will Essential be required to submit the merger agreement proposal to Essential shareholders even if the 
 Essential board has withdrawn, modified, or qualified its recommendation?                                |

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 submit the merger agreement proposal to its shareholders even if the Essential board has withdrawn, modified, or qualified its recommendation in favor of the proposal.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

| A: | No. Essential 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 Essential 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 Essential special meeting, please vote promptly. |

| Q: | What will happen to Essential stock options, restricted shares, and other equity-based awards if the merger 
 occurs?                                                                                                     |

| A: | Upon completion of the merger, each outstanding Essential stock option will be converted into an option, which                                                                                                                                           
 is referred to as an adjusted option, to purchase American Water common stock by applying the exchange ratio to the number of shares of Essential common stock that may be acquired thereunder, with an adjusted exercise price determined by applying   
 the exchange ratio to the exercise price of such Essential stock options, and otherwise on the same terms and conditions applicable under the Essential stock options (except that any adjusted options corresponding to performance-based Essential     
 stock options will no longer be subject to such performance goals). Upon completion of the merger, each outstanding Essential RSA will be converted into similarly restricted shares of American Water common stock, which is referred to as an adjusted 
 RSA, by applying the exchange ratio and otherwise on