Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 22

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 22
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 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 stock in “street name” through an intermediary, you will receive instructions from your intermediary as to how to effect the surrender of your shares of Essential common stock held in “street name” in exchange for (i) the shares of American Water common stock, (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. 10

| Q: | When and where is the Essential special meeting? |

| A: | The special meeting of Essential shareholders, which is referred to as the Essential special meeting, will be                                                                                                                
 held virtually at [ ] [ ].m., Eastern time, on [ ], 2026 (unless it is adjourned or postponed to a later date), via live webcast at www.virtualshareholdermeeting.com/WTRG2026SM. The Essential special meeting will be held 
 exclusively online via live webcast.                                                                                                                                                                                         |

| Q: | What matters will be voted on at the Essential special meeting? |

| A: | You will be asked to consider and vote on the following proposals: (i) the merger agreement proposal; 
 (ii) the merger-related compensation proposal; and (iii) the Essential adjournment proposal.          |

| Q: | Why are Essential shareholders being asked to consider and vote on a proposal to approve, by non-binding advisory vote, merger-related compensation arrangements for Essential’s named executive officers (i.e., the merger-related compensation proposal)? |

| A: | Under SEC rules, Essential is required to seek a non-binding advisory                                                                                                 
 vote with respect to the compensation that may be paid