Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 16

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 16
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 American Water common stock in the merger? |

| A: | Nothing. You will continue to own the same shares of American Water common stock that you owned prior to the                                                                     
 effective time. As a result of the share issuance, however, the overall ownership percentage of the current American Water shareholders in the combined company will be diluted. |

Immediately following the completion of the merger, continuing American Water shareholders will own approximately [ ]% of the then outstanding American Water common stock and former Essential shareholders will own approximately [ ]% of the then outstanding American Water common stock, in each case based on the number of shares of common stock and stock-based awards of American Water and Essential outstanding as of [ ], 202[ ], the last practicable trading day before the date of this joint proxy statement/prospectus.

| Q: | Do the American Water directors and executive officers have any interests in the merger? |

| A: | Yes. In connection with the completion of the merger, American Water’s current directors and executive         
 officers have interests in the merger that may be different from, or in addition to, those of the shareholders |

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| of American Water generally. The American Water board was aware of these interests and considered them, among other matters, in approving the merger agreement and the transactions contemplated by                    
 the merger agreement, including the merger and the share issuance. These interests are described in more detail in “The Merger—Interests of Directors and Executive Officers in the Merger—Interests of American Water 
 Directors and Executive Officers in the Merger” beginning on page 104.                                                                                                                                                 |

| Q: | What constitutes a quorum at the American Water special meeting? |

| A: | The American Water bylaws provide that the presence, in person, by remote communication, or by proxy duly                                                                                                                                                
 authorized, of the holders of a majority of the outstanding shares of American Water common stock entitled to vote is necessary to constitute a quorum at the American Water special meeting. The American Water special meeting will be held virtually, 
 so shareholders of American Water will not be able to attend the American Water special meeting in person. Abstentions and broker non-votes are included in the determination of shares present at the American                                          
 Water special meeting for quorum purposes.                                                                                                                                                                                                               |

| Q: | What vote is required for American Water shareholders to approve the share issuance proposal? |

| A: | The affirmative vote of a majority of the shares of American Water common stock present in person, by remote                                                                                                                                                                                                                      
 communication,