Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 184

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 184
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 of the exchange agent attributed to such sale) based upon the ratio of
each shareholder’s fractional share interest to the aggregate amount of fractional share interests to which all former Essential shareholders are entitled.

Conversion of Shares; Exchange of Certificates

The conversion of shares of Essential common stock into the right to receive the merger consideration will occur automatically at the effective time of the
merger. Prior to the effective time, American Water will appoint an

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exchange agent. At or prior to the effective time, American Water will deposit, or cause to be deposited, with the exchange agent, in trust for the benefit of the holders of Essential common
stock, certificates representing the shares of American Water common stock issuable in the merger. As soon as reasonably practicable after the effective time of the merger, the exchange agent will exchange certificates formerly representing shares
of Essential common stock for merger consideration to be received in the merger pursuant to the merger agreement. All certificates representing the shares of American Water common stock issuable in the merger (including the amount of any dividends
or distributions payable with respect to Essential common stock and cash in lieu of fractional shares of American Water common stock) are referred to as the exchange fund.

Exchange Procedures

After the merger is
completed, the exchange agent will send to each Essential shareholder whose shares are represented by certificates a letter of transmittal and instructions for use in surrendering such shares of Essential common stock in exchange for
(i) certificates representing whole shares of American Water common stock (or appropriate alternative arrangements made by American Water if uncertificated shares of American Water common stock will be issued), (ii) cash in lieu of fractional
shares of American Water common stock, and (iii) any dividends or distributions payable with respect to such Essential common stock. The exchange of any shares of Essential common stock in book-entry form will be made in accordance with the
exchange agent’s customary procedures with respect to securities held in book-entry form, without the need for the delivery of a certificate or an executed letter of transmittal to the exchange agent in respect of such book-entry shares.

No Further Ownership Rights in Essential Common Stock; Transfer Books

After the effective time, there will be no transfers on the stock transfer books of Essential of any shares of Essential common stock outstanding immediately
prior to the effective time. Certificates or book-entry shares of Essential common stock presented to the surviving corporation or the exchange agent after the effective time will be canceled and exchanged for (i) the merger consideration
payable in respect of such certificates or book