Company: AWK
Filing Date: 2025-04-30
Form Type: DEFA14A
Source: 0001410636-25-000086
Chunk: 2

Company: American Water Works Company, Inc.
Filing Date: 2025-04-30
Form: DEFA14A
Chunk 2
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prorated as of the Effective Time)

◦ will have an aggregate market value on the date of grant equal to approximately $734,645, and

◦ will have customary terms and continued vesting provisions associated with LTPP awards granted to executives in the position of CEO.

All of the foregoing compensation to Mr. Griffith was recommended by the Compensation Committee for approval by the independent members of the Board based on benchmarking data and other information provided by Aon and is to be received by Mr. Griffith in lieu of his previously approved compensation as President.

Furthermore, Mr. Griffith will continue to participate in the Company’s Executive Severance Policy and Change of Control Severance Policy and will continue to be eligible to participate in the Company’s Employee Deferred Compensation Plan and its 401(k) savings plan, and in other of the Company’s customary benefits and plans offered or to be offered to senior executives of the Company. Mr. Griffith will also continue to be subject to the Company’s executive stock ownership guidelines and stock retention requirements and will remain subject to the requirement thereunder that he own, by August 1, 2029, covered shares of Company common stock with an aggregate market value of at least six times his annual base salary.

On April 30, 2025, Mr. Griffith executed an employment offer letter effective as of the Effective Time, which was unanimously approved by the independent members of the Board upon the unanimous recommendation of the Compensation Committee and provides for his 2025 compensation as summarized above.

Information About Our Recently Elected Executive Officer

Effective April 1, 2025, Lori A. Sutton was designated as our Senior Vice President, Chief Human Resources Officer. Below is information regarding Ms. Sutton as of the date hereof: