Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 209

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 209
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 common 
 stock under the Exchange Act;                                                                                                                                                                                                                             |

| • |     | actions to be taken by American Water and Essential with respect to Section 16(a) of the Exchange Act; |

| • |     | each party affording the other party a reasonable opportunity to participate in the defense or settlement of any                                                                                                                                    
 transaction-related litigation against such party or such party’s board of directors and the required consent of the other party prior to the settlement of any such litigation (which shall not be unreasonably withheld, conditioned or delayed); |

| • |     | actions to be taken by American Water, the American Water board, Essential and the Essential board with respect                                                                                                                                           
 to anti-takeover laws to ensure that the merger and the other transactions contemplated by the merger agreement may be completed as promptly as practicable and to otherwise act to minimize the effects of such anti-takeover laws on the merger and the 
 other transactions contemplated by the merger agreement;                                                                                                                                                                                                  |

| • |     | cooperation between American Water and Essential on the declaration and payment of dividends with respect to                                                                                                                                            
 shares of American Water common stock and Essential common stock such that no holder of American Water common stock or Essential common stock will receive two dividends, or fail to receive one dividend, for any single calendar quarter with respect 
 to its shares of American Water common stock or Essential common stock; and                                                                                                                                                                             |

| • |     | using reasonable best efforts to obtain, and cooperation between American Water and Essential in connection with                                                                                                                       
 the issuance of, any tax opinion(s) of counsel (i) required to be issued in connection with the declaration of effectiveness of the registration statement on Form S-4, of which this joint proxy                                      
 statement/prospectus forms a part, by the SEC regarding the “Intended Tax Treatment” (as defined in the merger agreement) or (ii) reasonably necessary to confirm (or otherwise permit one or more of the parties to report the merger 
 consistently with) such intended tax treatment.                                                                                                                                                                                        |

Conditions to the Completion of the Merger Conditions to Each Party’s Obligations to Effect the Merger Each party’s obligation to complete the merger is subject to the satisfaction or waiver (to the extent permitted by law) at or prior to the effective time of the following conditions:

| • |     | approval by Essential shareholders of the merger agreement proposal; |

| • |     | approval by American Water shareholders of the share issuance proposal; |

| • |     | the absence of (i) any order issued