Essential Utilities, Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: WTRG · Form: DEF 14A · Filed: 2024-03-19T00:00:00.000Z

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Essential Utilities, Corporate Governance, Executive Compensation

TL;DR

<b>Essential Utilities, Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

Essential Utilities, Inc. (WTRG) filed a Proxy Statement (DEF 14A) with the SEC on March 19, 2024. Essential Utilities, Inc. filed a Definitive Proxy Statement (DEF 14A) on March 19, 2024. The filing covers the fiscal year ending December 31, 2023. The company was formerly known as Aqua America Inc. and Philadelphia Suburban Corp. The filing includes data related to pension plans and stock awards for fiscal years 2020-2023. The company's principal executive offices are located at 762 W. Lancaster Ave, Bryn Mawr, PA.

Why It Matters

For investors and stakeholders tracking Essential Utilities, Inc., this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, board nominations, and other corporate governance matters, enabling informed voting decisions. The detailed data on pension plans and stock awards offers transparency into the company's long-term incentive structures and financial commitments to its employees.

Risk Assessment

Risk Level: low — Essential Utilities, Inc. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate risk or actionable insight beyond standard corporate governance.

Analyst Insight

Review the executive compensation and stock award details within the DEF 14A to understand incentive structures and potential impacts on shareholder value.

Key Numbers

2024-03-19 — Filing Date (Date the DEF 14A was filed)
2023-12-31 — Fiscal Year End (Period covered by the proxy statement)
2020-01-01 — Data Start Year (Start of data range for pension and stock awards)
2023-12-31 — Data End Year (End of data range for pension and stock awards)

Key Players & Entities

Essential Utilities, Inc. (company) — Filer
Aqua America Inc. (company) — Former company name
Philadelphia Suburban Corp (company) — Former company name
PA (location) — State of incorporation and business address

FAQ

When did Essential Utilities, Inc. file this DEF 14A?

Essential Utilities, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 19, 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 Essential Utilities, Inc. (WTRG).

Where can I read the original DEF 14A filing from Essential Utilities, 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 Essential Utilities, Inc..

What are the key takeaways from Essential Utilities, Inc.'s DEF 14A?

Essential Utilities, Inc. filed this DEF 14A on March 19, 2024. Key takeaways: Essential Utilities, Inc. filed a Definitive Proxy Statement (DEF 14A) on March 19, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company was formerly known as Aqua America Inc. and Philadelphia Suburban Corp..

Is Essential Utilities, Inc. a risky investment based on this filing?

Based on this DEF 14A, Essential Utilities, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement (DEF 14A) and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate risk or actionable insight beyond standard corporate governance.

What should investors do after reading Essential Utilities, Inc.'s DEF 14A?

Review the executive compensation and stock award details within the DEF 14A to understand incentive structures and potential impacts on shareholder value. The overall sentiment from this filing is neutral.

How does Essential Utilities, Inc. compare to its industry peers?

Essential Utilities, Inc. operates in the water supply industry, providing essential water and wastewater services. This sector is typically characterized by stable demand and significant regulatory oversight.

Are there regulatory concerns for Essential Utilities, Inc.?

As a regulated utility, Essential Utilities is subject to oversight from various state and federal regulatory bodies that govern rates, service standards, and environmental compliance.

Industry Context

Regulatory Implications

As a regulated utility, Essential Utilities is subject to oversight from various state and federal regulatory bodies that govern rates, service standards, and environmental compliance.

What Investors Should Do

Analyze the executive compensation structure and any proposed changes outlined in the proxy statement.
Review director nominations and qualifications presented for shareholder vote.
Examine any shareholder proposals and the company's recommendations.

Key Dates

2024-03-19: Filing of DEF 14A — Official filing of the Definitive Proxy Statement
2023-12-31: Fiscal Year End — End of the reporting period for the proxy statement

Year-Over-Year Comparison

This filing is a DEF 14A, a routine proxy statement, and does not represent a change from previous filings of the same type. It provides updated information for the current fiscal year.

From the Filing

0001552781-24-000134.txt : 20240319 0001552781-24-000134.hdr.sgml : 20240319 20240319160635 ACCESSION NUMBER: 0001552781-24-000134 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 113 CONFORMED PERIOD OF REPORT: 20240501 FILED AS OF DATE: 20240319 DATE AS OF CHANGE: 20240319 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Essential Utilities, Inc. CENTRAL INDEX KEY: 0000078128 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 231702594 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-06659 FILM NUMBER: 24763082 BUSINESS ADDRESS: STREET 1: 762 W. LANCASTER AVE CITY: BRYN MAWR STATE: PA ZIP: 19010-3489 BUSINESS PHONE: 610-527-8000 MAIL ADDRESS: STREET 1: 762 W. LANCASTER AVE CITY: BRYN MAWR STATE: PA ZIP: 19010-3489 FORMER COMPANY: FORMER CONFORMED NAME: AQUA AMERICA INC DATE OF NAME CHANGE: 20040120 FORMER COMPANY: FORMER CONFORMED NAME: PHILADELPHIA SUBURBAN CORP DATE OF NAME CHANGE: 19920703 DEF 14A 1 e24019_wtrg-def14a.htm false 0000078128 DEF 14A 0000078128 2023-01-01 2023-12-31 0000078128 2022-01-01 2022-12-31 0000078128 2021-01-01 2021-12-31 0000078128 2020-01-01 2020-12-31 0000078128 1 2023-01-01 2023-12-31 0000078128 ecd:PeoMember wtrg:ChangeInActuarialPresentValueOfPensionPlansReportedInFiscalYearMember 2020-01-01 2020-12-31 0000078128 ecd:PeoMember wtrg:ChangeInActuarialPresentValueOfPensionPlansReportedInFiscalYearMember 2021-01-01 2021-12-31 0000078128 ecd:PeoMember wtrg:ChangeInActuarialPresentValueOfPensionPlansReportedInFiscalYearMember 2022-01-01 2022-12-31 0000078128 ecd:PeoMember wtrg:ChangeInActuarialPresentValueOfPensionPlansReportedInFiscalYearMember 2023-01-01 2023-12-31 0000078128 ecd:PeoMember wtrg:ServiceCostOfPensionInFiscalYearMember 2020-01-01 2020-12-31 0000078128 ecd:PeoMember wtrg:ServiceCostOfPensionInFiscalYearMember 2021-01-01 2021-12-31 0000078128 ecd:PeoMember wtrg:ServiceCostOfPensionInFiscalYearMember 2022-01-01 2022-12-31 0000078128 ecd:PeoMember wtrg:ServiceCostOfPensionInFiscalYearMember 2023-01-01 2023-12-31 0000078128 ecd:PeoMember wtrg:PriorServiceCostOfPensionInFiscalYearMember 2020-01-01 2020-12-31 0000078128 ecd:PeoMember wtrg:PriorServiceCostOfPensionInFiscalYearMember 2021-01-01 2021-12-31 0000078128 ecd:PeoMember wtrg:PriorServiceCostOfPensionInFiscalYearMember 2022-01-01 2022-12-31 0000078128 ecd:PeoMember wtrg:PriorServiceCostOfPensionInFiscalYearMember 2023-01-01 2023-12-31 0000078128 ecd:PeoMember wtrg:GrantDateFairValueOfStockAwardsGrantedInFiscalYearMember 2020-01-01 2020-12-31 0000078128 ecd:PeoMember wtrg:GrantDateFairValueOfStockAwardsGrantedInFiscalYearMember 2021-01-01 2021-12-31 0000078128 ecd:PeoMember wtrg:GrantDateFairValueOfStockAwardsGrantedInFiscalYearMember 2022-01-01 2022-12-31 0000078128 ecd:PeoMember wtrg:GrantDateFairValueOfStockAwardsGrantedInFiscalYearMember 2023-01-01 2023-12-31 0000078128 ecd:PeoMember wtrg:FairValueAtFiscalYearEndOfOutstandingUnvestedStockAwardsGrantedInFiscalYearMember 2020-01-01 2020-12-31 0000078128 ecd:PeoMember wtrg:FairValueAtFiscalYearEndOfOutstandingUnvestedStockAwardsGrantedInFiscalYearMember 2021-01-01 2021-12-31 0000078128 ecd:PeoMember wtrg:FairValueAtFiscalYearEndOfOutstandingUnvestedStockAwardsGrantedInFiscalYearMember 2022-01-01 2022-12-31 0000078128 ecd:PeoMember wtrg:FairValueAtFiscalYearEndOfOutstandingUnvestedStockAwardsGrantedInFiscalYearMember 2023-01-01 2023-12-31 0000078128 ecd:PeoMember wtrg:ChangeInFairValueOfOutstandingUnvestedStockAwardsGrantedInPriorFiscalYearsMember 2020-01-01 2020-12-31 0000078128 ecd:PeoMember wtrg:ChangeInFairValueOfOutstandingUnvestedStockAwardsGrantedInPriorFiscalYearsMember 2021-01-01 2021-12-31 0000078128 ecd:PeoMember wtrg:ChangeInFairValueOfOutstandingUnvestedStockAwardsGrantedInPriorFiscalYearsMember 2022-01-01 2022-12-31 0000078128 ecd:PeoMember wtrg:ChangeInFairValueOfOutstandingUnvestedStockAwardsGrantedInPriorFiscalYearsMember 2023-01-