American Water Works Company, Inc. Files Definitive Proxy Statement

Ticker: AWK · Form: DEF 14A · Filed: Mar 26, 2024 · CIK: 1410636

American Water Works Company, INC. DEF 14A Filing Summary
FieldDetail
CompanyAmerican Water Works Company, INC. (AWK)
Form TypeDEF 14A
Filed DateMar 26, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$0.01
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, American Water Works, Executive Compensation, Corporate Governance

TL;DR

<b>American Water Works Company, Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

American Water Works Company, Inc. (AWK) filed a Proxy Statement (DEF 14A) with the SEC on March 26, 2024. Filing is a Definitive Proxy Statement (DEF 14A) for American Water Works Company, Inc. The filing covers the fiscal year ending December 31, 2023. Key dates related to the reporting period are from 2020-01-01 to 2023-12-31. The company's principal executive offices are located at 1 Water Street, Camden, NJ 08102-1658. The filing includes details on executive compensation components such as changes in fair value of equity awards and pension plans.

Why It Matters

For investors and stakeholders tracking American Water Works Company, Inc., this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding the company's governance, executive compensation, and matters to be voted on at the upcoming annual meeting. Shareholders can review details on the fair value of equity awards, changes in pension plans, and other compensation elements for key executives.

Risk Assessment

Risk Level: low — American Water Works Company, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant operational changes.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation structures and vote on relevant proposals.

Key Numbers

Key Players & Entities

FAQ

When did American Water Works Company, Inc. file this DEF 14A?

American Water Works Company, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 26, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by American Water Works Company, Inc. (AWK).

Where can I read the original DEF 14A filing from American Water Works Company, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by American Water Works Company, Inc..

What are the key takeaways from American Water Works Company, Inc.'s DEF 14A?

American Water Works Company, Inc. filed this DEF 14A on March 26, 2024. Key takeaways: Filing is a Definitive Proxy Statement (DEF 14A) for American Water Works Company, Inc.. The filing covers the fiscal year ending December 31, 2023.. Key dates related to the reporting period are from 2020-01-01 to 2023-12-31..

Is American Water Works Company, Inc. a risky investment based on this filing?

Based on this DEF 14A, American Water Works Company, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant operational changes.

What should investors do after reading American Water Works Company, Inc.'s DEF 14A?

Shareholders should review the proxy statement to understand executive compensation structures and vote on relevant proposals. The overall sentiment from this filing is neutral.

How does American Water Works Company, Inc. compare to its industry peers?

American Water Works Company, Inc. operates in the water supply industry, providing essential utility services.

Are there regulatory concerns for American Water Works Company, Inc.?

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information relevant to shareholders.

Industry Context

American Water Works Company, Inc. operates in the water supply industry, providing essential utility services.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information relevant to shareholders.

What Investors Should Do

  1. Review the detailed executive compensation breakdown.
  2. Understand the proposals to be voted on at the annual meeting.
  3. Assess the company's governance practices as outlined in the proxy statement.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure for proxy matters, not a comparison to a prior filing type.

Filing Stats: 4,440 words · 18 min read · ~15 pages · Grade level 16.1 · Accepted 2024-03-26 09:08:19

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 45 2023 Summary Compensation Table 45 2023 Grants of Plan-Based Awards 48 Outstanding Equity Awards at 2023 Fiscal Year-End 49 2023 Option Exercises and Stock Vested 50 Pension Benefits at December 31, 2023 50 Description of Pension and Other Retirement Plans 51 2023 Nonqualified Deferred Compensation 52 Description of the Employee Deferred Compensation Plan 52 Potential Payments on Termination or Change of Control 53 Pay Versus Performance 58 CEO Pay Ratio 60 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 61 EQUITY COMPENSATION PLAN INFORMATION 61 AUDIT, FINANCE AND RISK COMMITTEE REPORT 62 AMERICAN WATER | 2024 PROXY STATEMENT Table of Contents PROPOSAL 3: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 63 General 63 Fees Paid to Independent Registered Public Accounting Firm 63 Pre-Approval of Services Provided by Independent Registered Public Accounting Firm 64 Recommendation of the Board 64 CERTAIN BENEFICIAL OWNERSHIP MATTERS 65

Security Ownership of Management

Security Ownership of Management 65

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 66 COMMUNICATIONS, SHAREHOLDER PROPOSALS AND COMPANY INFORMATION 68 Shareholder Communications to the Board 68 Shareholder Proposals, Proxy Access Deadlines and Director Nominations 68 Delivering Proxy Materials Through Electronic Means 69 Householding of Proxy Materials 70 Contacting Us or Our Transfer Agent 70 Where to Find More Information 70 OTHER MATTERS 71 Other Matters to Come Before the Annual Meeting 71 Solicitation of Proxies 71 Status of Information Included in this Proxy Statement 71

Forward-Looking Statements

Forward-Looking Statements 72 APPENDIX A – NON-GAAP FINANCIAL INFORMATION A-1 *** This proxy statement contains forward-looking statements based on the Company's current expectations and assumptions regarding future events and readers are cautioned not to place undue reliance upon them. See "Other Matters—Forward-Looking Statements" beginning on page 72 of this proxy statement for further information regarding forward-looking statements. We strongly encourage you to help us conserve natural resources and reduce our printing and mailing costs by electing to receive proxy materials electronically via email, rather than in paper form. Please see page 69 of this proxy statement for more information. Your prior election will continue each year until you change it. AMERICAN WATER | 2024 PROXY STATEMENT Table of Contents THE AMERICAN WATER ANNUAL MEETING INFORMATION ABOUT THIS PROXY STATEMENT Our Board is furnishing this proxy statement in connection with the solicitation of proxies to vote on matters to be submitted at our 2024 Annual Meeting of Shareholders and at any adjournment or postponement of the meeting. The Notice of Annual Meeting, this proxy statement, the accompanying proxy card and our 2023 Annual Report to Shareholders, or the 2023 Annual Report, were first sent or given on or about March 26, 2024, to shareholders of record as of March 18, 2024, which is referred to as the record date. Throughout this proxy statement, unless the context otherwise requires: references to the "Board" or the "Board of Directors" mean the Board of Directors of American Water Works Company, Inc. references to "common stock" mean the common stock, par value $0.01 per share, of American Water Works Company, Inc. the terms the "meeting," the "virtual meeting," the "annual meeting," or the "2024 Annual Meeting" refer to the virtual 2024 Annual Meeting of Shareholders of American Water Works Company, Inc. references to "we," "us," "our," the "Company" o

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