Company: AWK
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001193125-25-064607
Chunk: 43

Company: American Water Works Company, Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 43
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 L. Johnson COMPENSATION DISCUSSION AND ANALYSIS

In this CD&A, we address our compensation philosophy and programs, the key decisions of the ED&CC with respect to these programs and the reasons for those decisions, principally with respect to all of our NEOs for 2024, who are:

| · |     | M. Susan Hardwick, our Chief Executive Officer |

| · |     | John C. Griffith, our President (who also served as Chief Financial Officer during 2024) |

| · |     | David M. Bowler, our Executive Vice President and Chief Financial Officer |

| · |     | Cheryl Norton, our Executive Vice President and Chief Operating Officer |

| · |     | Stacy A. Mitchell, our Executive Vice President and General Counsel |

Effective June 5, 2024, Ms. Mitchell was appointed by the Board to serve as the Company’s Executive Vice

President and General Counsel. Prior to that, in 2024, she served as the Company’s Senior Vice President and Deputy General Counsel. As of August 1, 2024, Ms. Hardwick’s officer title was changed by the Board from President and Chief Executive Officer, to Chief Executive Officer, and she remained the Company’s principal executive officer. Also, as of that date, Mr. Griffith was appointed by the Board to serve as the Company’s President. He previously served as the Company’s Executive Vice President and Chief Financial Officer. Effective August 1, 2024, Mr. Bowler was appointed by the Board to serve as the Company’s Executive Vice President and Chief Financial Officer, and its principal financial officer. Prior to that, in 2024, Mr. Bowler served as the Company’s Senior Vice President, Deputy Chief Financial Officer and Treasurer. EXECUTIVE SUMMARY Compensation Program Overview

Our executive compensation is highly correlated to performance and long-term value creation with a considerable portion of pay earned solely based on our performance. Our executive compensation philosophy, which is focused on paying all of our NEOs for positive performance, is demonstrated by the structure of the principal elements of our executive compensation:

| · |     | annual base salary; |

| · |     | our APP, which is our annual cash-based performance plan; and |

| · |     | our Long-Term Performance Plan, or LTPP, which is our long-term equity compensation program. |

We also offer our executives various employee retirement and health and welfare benefit plans, as well as customary post-termination benefits under our Executive