Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 237

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 237
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 as discussed in “The Merger—Interests of Directors and Executive Officers in the Merger—Interests of Essential Directors and Executive Officers in the Merger,” including the footnotes to the table and the associated narrative discussion. The merger-related compensation proposal gives Essential shareholders the
opportunity to express their views on the merger-related compensation of Essential’s named executive officers. The Essential board unanimously recommends that Essential shareholders approve the following resolution:

“RESOLVED, that the compensation that may be paid or become payable to the named executive officers of Essential in connection with the
merger, as disclosed pursuant to Item 402(t) of Regulation S-K in the table in the section of the joint proxy statement/prospectus entitled “The Merger—Interests of Directors and Executive Officers in the Merger—Interests of Essential Directors and Executive Officers in the Merger” including the footnotes to the table and the associated narrative discussion, and the agreements and plans pursuant to which
such compensation may be paid or become payable, is hereby APPROVED.”

The vote on the merger-related compensation proposal is a vote separate and
apart from the votes to approve the other proposals being presented at the Essential special meeting and is not a condition to the completion of the

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merger. Accordingly, you may vote to approve the merger agreement proposal and vote not to approve the merger-related compensation proposal and vice versa. Because the vote on the merger-related
compensation proposal is advisory only, it will not be binding on Essential or American Water. Accordingly, if the merger agreement is approved and the merger is completed, the merger-related compensation will be payable, subject only to the
conditions applicable thereto, regardless of the outcome of the vote on the merger-related compensation proposal.

If you sign and return a proxy and do
not indicate how you wish to vote on any proposal, or if you indicate how you wish to vote on the merger agreement proposal or the Essential adjournment proposal but do not indicate a choice on the merger-related compensation proposal, your shares
will be voted in favor of the merger-related compensation proposal.

Required Vote

Assuming a quorum is present at the Essential special meeting, approval of the merger-related compensation proposal, which is a
non-binding advisory vote, requires the approval of shareholders present, in person or by proxy, entitled to cast at least a majority of the votes which all shareholders present in person or by proxy are
entitled to cast at the Essential special meeting. Abstentions will be counted as a vote “