Company: AWK
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001193125-25-064607
Chunk: 56

Company: American Water Works Company, Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 56
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 becomes subject to the stock ownership guidelines has five years to comply with them. The stock ownership guidelines provide that in the event of a promotion that increases a NEO’s multiple of annual base salary, a new five-year compliance period will begin to run for that executive as of the effective date of the promotion. As an example, in July 2024, the ED&CC expanded the top level of the ownership guidelines to include both the Chief Executive Officer and the President, which increased Mr. Griffith’s multiple of base salary from three to six times, and, thus, a new five-year compliance period was established at that time for Mr. Griffith. In addition, based on the promotions of Mr. Bowler and Ms. Mitchell from Senior Vice President to Executive Vice President positions in 2024, new five-year compliance periods for them were approved by the Board based on their promotion date. Mses. Hardwick and Norton are in compliance with the stock ownership guidelines as of the record date, and all of our other current NEOs covered by the stock ownership guidelines are within their respective five-year compliance periods. The compliance period for Messrs. Griffith and Bowler and Ms. Mitchell ends in 2029. Upon her retirement following the annual meeting, Ms. Hardwick will no longer be subject to the stock ownership guidelines. POLICIES REGARDING THE OWNERSHIP OF AMERICAN WATER SECURITIES

In our 2024 Annual Report, we disclosed that we maintain an insider trading policy that covers, among others, our directors, officers and employees (but not the Company), and that governs the purchase, sale and other disposition of our securities by covered persons. We believe that the policy is reasonably designed to promote and enforce compliance by such covered persons with Federal insider trading laws, rules and regulations, and the listing standards of the NYSE related thereto. Our insider trading policy also prohibits directors, officers (including our NEOs) and employees, including

their immediate family members and controlled entities, from engaging in any hedging transaction. None of these covered persons may:

| · |     | enter into any hedging transaction, as described in the insider trading policy; |

| · |     | buy or sell any security that derives its value from the price of any of our securities; or |

| · |     | enter into any other transaction of a similar nature that has the effect of reducing or eliminating the investment risk associated with any of our securities owned by such covered person. |

| 40 |     | AMERICAN WATER |202