Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-15

American Water Works Company (AWK)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$7,055,667
John Griffith total, FY2025
7th
CEO pay percentile vs peers
73:1
CEO-to-median pay ratio
91.56%
Say-on-pay support, latest vote
Companies that benchmark against AWK
3 companies name AWK as a compensation peer

Each company listed discloses AWK in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AWK in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

See AWK's full peer web, pay-for-performance alignment, and every company benchmarked the same way — start a 3-day trial (no card required)
Or buy the full AWK Executive Compensation Report ($1,500)
01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
John Griffith$1,026,418$0$4,060,491$0$1,635,585$0$333,173$7,055,667
President and Chief Executive Officer
Cheryl Norton743,72001,798,0120943,4492,781,47775,7486,342,406
Executive Vice President and Chief Operating Officer
M. Susan Hardwick458,65804,817,6430001,051,5916,327,892
Former Chief Executive Officer
David Bowler600,68201,250,7940676,6730133,7822,661,931
Executive Vice President and Chief Financial Officer
Stacy Mitchell580,9290946,9510573,1630109,6322,210,675
Executive Vice President and General Counsel
Maureen Duffy466,7930549,3390394,785644,99733,6692,089,583
Executive Vice President, Communications and External Affairs
Melanie Kennedy111,0980576,509072,0560833,0321,592,695
Former Executive Vice President, Chief Human Resources Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
John Griffith$7,055,667———
Cheryl Norton6,342,406———
M. Susan Hardwick6,327,892———
David Bowler2,661,931———
Stacy Mitchell2,210,675———
Maureen Duffy2,089,583———
Melanie Kennedy1,592,695———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Julia L. JohnsonDirector2026-05-13A1,374$0$0CommonForm 4 ↗
Raffiq NathooDirector2026-05-13A1,37400CommonForm 4 ↗
Karl F. KurzDirector2026-05-13A2,15900CommonForm 4 ↗
Laurie P. HavanecDirector2026-05-13A1,37400CommonForm 4 ↗
Stuart M. McGuiganDirector2026-05-13A1,37400CommonForm 4 ↗
Lisa A. GrowDirector2026-05-13A1,37400CommonForm 4 ↗
Michael L. MarberryDirector2026-05-13A1,37400CommonForm 4 ↗
Patricia L. KamplingDirector2026-05-13A1,37400CommonForm 4 ↗
Jeffrey N. EdwardsDirector2026-05-13A1,37400CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
John GriffithPSU2025-05-14—480—3,842$257,068
M. Susan HardwickPSU2025-02-18—7,696—15,392902,587
John GriffithPSU2025-05-142751,098—2,196165,941
Maureen DuffyPSU2025-02-183841,536—3,072195,333
Maureen DuffyPSU2025-02-18165658—1,31683,678
Cheryl NortonRSU2025-02-18——4,309—547,976
David BowlerPSU2025-02-188743,497—6,994444,713
Stacy MitchellPSU2025-02-186622,647—5,294336,619
Stacy MitchellRSU2025-02-18——2,269—288,549
Cheryl NortonPSU2025-02-187182,872—5,744336,828
John GriffithPSU2025-02-182,3119,245—18,4901,175,687
John GriffithRSU2025-05-14——1,647—220,402
Cheryl NortonPSU2025-02-181,2575,027—10,054639,284
M. Susan HardwickPSU2025-02-183,36713,469—26,9381,712,853
John GriffithPSU2025-02-181,3215,283—10,566619,590
M. Susan HardwickPSU2025-02-181,4435,772—11,544734,025
Stacy MitchellPSU2025-02-182841,135—2,270144,338
Maureen DuffyPSU2025-02-18220878—1,756102,972
John GriffithRSU2025-02-18——7,925—1,007,822
M. Susan HardwickRSU2025-02-18——11,545—1,468,178
John GriffithPSU2025-05-14206823—1,646110,134
David BowlerPSU2025-02-18—500—3,996234,325
Stacy MitchellPSU2025-02-183781,513—3,026177,445
Cheryl NortonPSU2025-02-185392,154—4,308273,924
David BowlerPSU2025-02-183751,499—2,998190,628
John GriffithPSU2025-02-189913,962—7,924503,847
David BowlerRSU2025-02-18——2,997—381,128
Maureen DuffyRSU2025-02-18——1,316—167,356
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
John Griffith$1,228,224$2,832,267$069.8%
M. Susan Hardwick1,468,1783,349,465069.5%
Maureen Duffy167,356381,983069.5%
Cheryl Norton547,9761,250,036069.5%
David Bowler381,128869,666069.5%
Stacy Mitchell288,549658,402069.5%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Maureen DuffyRSU1,316—$171,738
John GriffithPSU12,765—1,665,833
M. Susan HardwickRSU11,545—1,506,623
John GriffithPSU4,409—575,375
Stacy MitchellPSU2,549—332,645
Stacy MitchellPSU9,077—1,184,549
Stacy MitchellRSU2,269—296,105
Maureen DuffyRSU306—39,933
David BowlerRSU248—32,364
Cheryl NortonRSU203—26,492
Cheryl NortonRSU896—116,928
David BowlerPSU4,126—538,443
David BowlerPSU11,990—1,564,695
Cheryl NortonPSU9,048—1,180,764
M. Susan HardwickRSU8,172—1,066,446
Maureen DuffyPSU5,266—687,213
Maureen DuffyPSU4,947—645,584
David BowlerRSU2,997—391,109
Melanie KennedyPSU1,896—247,428
John GriffithRSU1,647—214,934
John GriffithPSU6,586—859,473
David BowlerPSU1,625—212,063
M. Susan HardwickPSU49,027—6,398,024
M. Susan HardwickPSU46,178—6,026,229
John GriffithPSU31,697—4,136,459
M. Susan HardwickPSU31,519—4,113,230
Cheryl NortonPSU13,922—1,816,821
John GriffithPSU19,639—2,562,890
Cheryl NortonPSU17,234—2,249,037
John GriffithRSU7,925—1,034,213
Cheryl NortonRSU4,309—562,325
M. Susan HardwickRSU3,118—406,899
Melanie KennedyPSU2,467—321,944
Cheryl NortonRSU2,320—302,760
Stacy MitchellPSU1,626—212,193
John GriffithRSU1,263—164,822
Cheryl NortonPSU1,214—158,427
Maureen DuffyRSU825—107,663
John GriffithRSU735—95,918
David BowlerRSU688—89,784
Stacy MitchellRSU454—59,247
Stacy MitchellRSU425—55,463
David BowlerRSU271—35,366
Maureen DuffyPSU3,091—403,376
Stacy MitchellRSU161—21,011
John GriffithRSU3,274—427,257
Stacy MitchellPSU2,719—354,830
David BowlerPSU2,505—326,903
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to reward our NEOs for delivering results and building long-term sustainable value for our shareholders and customers. Our program's structure aligns the interests of our shareholders, customers, and NEOs by correlating pay to our short- and long-term performance.

CEO STI target (% of salary)120%
CEO LTI target (% of salary)—
Independent consultantAon
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-13150,804,13713,893,824485,95291.56%Passed
20252025-05-14141,839,01919,141,223503,93888.11%Passed
20242024-05-15134,276,37719,227,434294,31587.47%Passed
20232023-05-10144,753,0129,575,720406,71093.8%Passed
20222022-05-11128,305,01013,213,868385,27690.66%Passed
20212021-05-12134,576,8667,344,209358,11294.83%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1391.56%a
20252025-05-1488.11%b
20242024-05-1587.47%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)73 : 1
CEO total compensation$7,697,503
Median employee compensation$104,956
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Karl F. KurzIndependent · Board Chair$200,000$275,000$0$0$0$475,000
Julia L. JohnsonIndependent · Nominating/Corporate Governance (Chair) · Executive Development and Compensation132,637175,0370043,220350,894
Jeffrey N. EdwardsIndependent · Audit, Finance and Risk (Chair) · Nominating/Corporate Governance145,000175,037000320,037
Stuart M. McGuiganIndependent · Executive Development and Compensation · SETO140,870175,037000315,907
Michael L. MarberryIndependent · Audit, Finance and Risk · Nominating/Corporate Governance · SETO (Chair)140,000175,037000315,037
Patricia L. KamplingIndependent · Executive Development and Compensation (Chair) · Audit, Finance and Risk140,000175,037000315,037
Laurie P. HavanecIndependent · Executive Development and Compensation · SETO120,000175,037000295,037
Raffiq NathooIndependent · Audit, Finance and Risk · SETO · Newly elected67,253162,459000229,712
Lisa A. GrowIndependent · Nominating/Corporate Governance · SETO · Newly elected41,739124,949000166,688
Martha Clark GossIndependent · Executive Development and Compensation · Not standing for re-election · Departed during FY60,00000025,59485,594
Kimberly J. HarrisIndependent · Executive Development and Compensation · Not standing for re-election · Departed during FY35,000000035,000
John C. GriffithEmployee director · Newly elected000—00
09

Board fee structure and ownership guideline

Annual cash retainer$120,000
Annual equity retainer$175,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)145,000 / 140,000 / 140,000
Stock ownership guideline$600,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,222,499
Equity awards (grant-date value)$1,612,630
All other compensation$68,814
Total cost of the board$2,903,943

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

ES Eversource EnergyWEC WEC Energy Group, Inc.LNT Alliant Energy CorporationATO Atmos Energy CorporationCNP CenterPoint Energy, Inc.CMS CMS Energy CorporationPEG Public Service Enterprise Group IncorporatedNI NiSource Inc.OGE OGE Energy Corp.ETR Entergy CorporationAEE Ameren CorporationPNW Pinnacle West Capital CorporationEVRG Evergy, Inc.PPL PPL Corporation
10a

Peer reciprocity

Of the companies American Water Works Company names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

— Eversource Energy (ES)78— WEC Energy Group, Inc. (WEC)79— Alliant Energy Corporation (LNT)80— Atmos Energy Corporation (ATO)81— CenterPoint Energy, Inc. (CNP)82— CMS Energy Corporation (CMS)83 Public Service Enterprise Group Incorporated (PEG)— NiSource Inc. (NI)84— OGE Energy Corp. (OGE)85✓ Entergy Corporation (ETR)86 Ameren Corporation (AEE)— Pinnacle West Capital Corporation (PNW)87— Evergy, Inc. (EVRG)88 PPL Corporation (PPL)

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including American Water Works Company.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Entergy Corporation2025Andrew Marsh$1,286,346$6,951,893$1,647,484$2,614,950$16,752,589
2Eversource Energy2025Joseph R. Nolan, Jr.1,432,3089,020,89003,000,00014,987,168
3Ameren Corporation2025Martin Lyons1,325,0008,320,68003,323,57514,056,510
4Public Service Enterprise Group Incorporated2025Ralph LaRossa1,386,0009,000,15302,563,40013,866,735
5PPL Corporation2025Vincent Sorgi1,238,0607,865,24901,869,24813,221,331
6NiSource Inc.2025Lloyd Yates1,191,6679,619,86402,261,78413,197,800
7WEC Energy Group, Inc.2025Scott Lauber1,205,7005,405,848990,2353,535,78912,188,492
8CenterPoint Energy, Inc.2025Jason Wells1,226,9237,625,02302,583,75012,092,341
9OGE Energy Corp.2025Sean Trauschke1,239,3725,811,82401,753,48712,032,007
10CMS Energy Corporation2025Garrick Rochow1,275,0006,763,23902,055,93810,534,039
11Atmos Energy Corporation2025J. Kevin Akers1,147,8025,179,05702,100,5729,953,274
12Evergy, Inc.2025David Campbell1,123,1427,004,44601,342,9699,537,018
13Alliant Energy Corporation2025Lisa Barton1,136,9375,471,25501,835,5638,999,073
14American Water Works Company2025John Griffith1,026,4184,060,49101,635,5857,055,667
15Pinnacle West Capital Corporation2025Robert Smith514,6581,360,231—421,6092,708,803

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
American Water Works Company141.5%PSU 70 · RSU 30Yes — Relative TSRAon
Alliant Energy Corporation130%PSU 75 · RSU 25NoPay Governance LLC
Ameren Corporation193.3%PSU 70 · RSU 30NoMeridian Compensation Partners
Atmos Energy Corporation153%PSU 75 · RSU 25NoMeridian Compensation Partners, LLC
CenterPoint Energy, Inc.159%PSU 70 · RSU 30Yes — Relative TSRMeridian Compensation Partners, LLC
CMS Energy Corporation129%PSU 75 · RSU 25Yes — Relative TSR PerformancePay Governance LLC
Entergy Corporation149%PSU 60 · Options 20 · RSU 20Yes — Relative TSRPay Governance, LLC
Evergy, Inc.95.5%PSU 70 · RSU 30Yes — Three Year Relative TSR versus Companies in the EEI IndexMeridian
Eversource Energy145%PSU 75 · RSU 25NoPay Governance
NiSource Inc.146%PSU 80 · RSU 20Yes — Three-Year RTSRMeridian Compensation Partners
OGE Energy Corp.118%PSU 65 · RSU 35NoMercer
Pinnacle West Capital Corporation197.5%PSU 70 · RSU 30Yes — Relative TSRFW Cook
PPL Corporation116.14%PSU 80 · RSU 20Yes — Total Shareowner Return (TSR)FW Cook
Public Service Enterprise Group Incorporatednot disclosedPSU 70 · RSU 30Yes — Relative TSR versus peer panelCompensation Advisory Partners (CAP)
WEC Energy Group, Inc.not disclosedPSU 65 · RSU 20 · Option 15not disclosedFrederic W. Cook & Co., Inc.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, John GriffithDEF 14A2026-03-240001193125-26-120668Section “2025 SUMMARY COMPENSATION TABLE” · page 47. As printed: 7,055,667. Filing ↗machine: span 958448–958457
2Section 01, Cheryl NortonDEF 14A2026-03-240001193125-26-120668Section “2025 SUMMARY COMPENSATION TABLE” · page 47. As printed: 6,342,406. Filing ↗machine: span 1008054–1008063
3Section 01, M. Susan HardwickDEF 14A2026-03-240001193125-26-120668Section “2025 SUMMARY COMPENSATION TABLE” · page 47. As printed: 6,327,892. Filing ↗machine: span 976282–976291
4Section 01, David BowlerDEF 14A2026-03-240001193125-26-120668Section “2025 SUMMARY COMPENSATION TABLE” · page 47. As printed: 2,661,931. Filing ↗machine: span 995463–995472
5Section 01, Stacy MitchellDEF 14A2026-03-240001193125-26-120668Section “2025 SUMMARY COMPENSATION TABLE” · page 47. As printed: 2,210,675. Filing ↗machine: span 1026001–1026010
6Section 01, Maureen DuffyDEF 14A2026-03-240001193125-26-120668Section “2025 SUMMARY COMPENSATION TABLE” · page 47. As printed: 2,089,583. Filing ↗machine: span 1040726–1040735
7Section 01, Melanie KennedyDEF 14A2026-03-240001193125-26-120668Section “2025 SUMMARY COMPENSATION TABLE” · page 47. As printed: 1,592,695. Filing ↗machine: span 1052746–1052755
8Section 03, John Griffith PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
9Section 03, M. Susan Hardwick PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
10Section 03, John Griffith PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
11Section 03, Maureen Duffy PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t280 · r7 · c24 · span 851457–851464
12Section 03, Maureen Duffy PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t280 · r7 · c29 · span 851709–851715
13Section 03, Cheryl Norton RSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t280 · r5 · c14 · span 847276–847283
14Section 03, David Bowler PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t280 · r4 · c24 · span 845954–845961
15Section 03, Stacy Mitchell PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t280 · r6 · c24 · span 849633–849640
16Section 03, Stacy Mitchell RSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t345 · r31 · c9 · span 1464016–1464021
17Section 03, Cheryl Norton PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
18Section 03, John Griffith PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
19Section 03, John Griffith RSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t342 · r13 · c9 · span 1412685–1412690
20Section 03, Cheryl Norton PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t280 · r5 · c24 · span 847780–847787
21Section 03, M. Susan Hardwick PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t280 · r3 · c24 · span 844099–844108
22Section 03, John Griffith PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
23Section 03, M. Susan Hardwick PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t280 · r3 · c29 · span 844353–844360
24Section 03, Stacy Mitchell PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t280 · r6 · c29 · span 849885–849892
25Section 03, Maureen Duffy PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
26Section 03, John Griffith RSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t342 · r11 · c9 · span 1410191–1410196
27Section 03, M. Susan Hardwick RSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t342 · r21 · c9 · span 1422169–1422175
28Section 03, John Griffith PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
29Section 03, David Bowler PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
30Section 03, Stacy Mitchell PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
31Section 03, Cheryl Norton PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t280 · r5 · c29 · span 848032–848039
32Section 03, David Bowler PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t280 · r4 · c29 · span 846206–846213
33Section 03, John Griffith PSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
34Section 03, David Bowler RSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t345 · r11 · c9 · span 1440771–1440776
35Section 03, Maureen Duffy RSUDEF 14A2026-03-240001193125-26-120668Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t345 · r41 · c9 · span 1475594–1475599
36Section 07, pay ratioDEF 14A2026-03-240001193125-26-120668Section “CEO Pay Ratio”. As printed: 73 : 1. Filing ↗
37Section 08, Karl F. KurzDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 475,000. Filing ↗machine: t214 · r10 · c15 · span 654612–654619
38Section 08, Julia L. JohnsonDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 350,894. Filing ↗machine: t214 · r8 · c15 · span 646227–646234
39Section 08, Jeffrey N. EdwardsDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 320,037. Filing ↗machine: t214 · r3 · c15 · span 624875–624882
40Section 08, Stuart M. McGuiganDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 315,907. Filing ↗machine: t214 · r12 · c15 · span 663231–663238
41Section 08, Michael L. MarberryDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 315,037. Filing ↗machine: t214 · r11 · c15 · span 658936–658943
42Section 08, Patricia L. KamplingDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 315,037. Filing ↗machine: t214 · r9 · c15 · span 650320–650327
43Section 08, Laurie P. HavanecDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 295,037. Filing ↗machine: t214 · r7 · c15 · span 642105–642112
44Section 08, Raffiq NathooDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 229,712. Filing ↗machine: t214 · r13 · c15 · span 667549–667556
45Section 08, Lisa A. GrowDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 166,688. Filing ↗machine: t214 · r5 · c15 · span 633489–633496
46Section 08, Martha Clark GossDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 85,594. Filing ↗machine: t214 · r4 · c15 · span 629174–629180
47Section 08, Kimberly J. HarrisDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 35,000. Filing ↗machine: t214 · r6 · c3 · span 634924–634930
48Section 08, John C. GriffithDEF 14A2026-03-240001193125-26-120668Section “Director Compensation”. As printed: 0. Filing ↗
49Section 02, Julia L. Johnson 2026-05-13Form 42026-05-130001410636-26-000081Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Raffiq Nathoo 2026-05-13Form 42026-05-130001410636-26-000086Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Karl F. Kurz 2026-05-13Form 42026-05-130001410636-26-000083Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Laurie P. Havanec 2026-05-13Form 42026-05-130001410636-26-000080Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Stuart M. McGuigan 2026-05-13Form 42026-05-130001410636-26-000085Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Lisa A. Grow 2026-05-13Form 42026-05-130001410636-26-000079Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Michael L. Marberry 2026-05-13Form 42026-05-130001410636-26-000084Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Patricia L. Kampling 2026-05-13Form 42026-05-130001410636-26-000082Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Jeffrey N. Edwards 2026-05-13Form 42026-05-130001410636-26-000078Insider equity transaction reported since the proxy statement. Filing ↗
58Section 06, 2026 voteForm 8-K2026-05-150001410636-26-000094Item 5.07 · say-on-pay result. As reported: 91.56% (votes for as printed: 150,804,137). Filing ↗
59Section 06, 2025 voteForm 8-K2025-05-160001410636-25-000117Item 5.07 · say-on-pay result. As reported: 88.11% (votes for as printed: 141,839,019). Filing ↗
60Section 06, 2024 voteForm 8-K2024-05-170001410636-24-000116Item 5.07 · say-on-pay result. As reported: 87.47% (votes for as printed: 134,276,377). Filing ↗
61Section 03b vehicle mix (computed)Computed—computedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
62Section 09b board cost (computed)Computed—computedCash 1,222,499 + equity 1,612,630 + all other 68,814 = 2,903,943, summed across the director compensation table rows.machine: formula: Σ = 2,903,943
63Entergy Corporation, Section 10b CEO totalDEF 14A2026-03-270000065984-26-000211CEO total compensation as printed in Entergy Corporation's own proxy. As printed: 16,752,589. Filing ↗machine: r3 · c27 · span 1089446–1089457
64Eversource Energy, Section 10b CEO totalDEF 14A2026-03-270001104659-26-036077CEO total compensation as printed in Eversource Energy's own proxy. As printed: 14,987,168. Filing ↗machine: t46 · r1 · c41 · span 1205602–1205612
65Ameren Corporation, Section 10b CEO totalDEF 14A2026-03-310001104659-26-037756CEO total compensation as printed in Ameren Corporation's own proxy. As printed: 14,056,510. Filing ↗machine: r1 · c47 · span 1200840–1200850
66Public Service Enterprise Group Incorporated, Section 10b CEO totalDEF 14A2026-03-120001193125-26-104270CEO total compensation as printed in Public Service Enterprise Group Incorporated's own proxy. As printed: 13,866,735. Filing ↗machine: t131 · r4 · c19 · span 2441876–2441886
67PPL Corporation, Section 10b CEO totalDEF 14A2026-04-010001193125-26-135991CEO total compensation as printed in PPL Corporation's own proxy. As printed: 13,221,331. Filing ↗machine: t139 · r2 · c21 · span 1822151–1822161
68NiSource Inc., Section 10b CEO totalDEF 14A2026-03-300001140361-26-011851CEO total compensation as printed in NiSource Inc.'s own proxy. As printed: 13,197,800. Filing ↗machine: t253 · r2 · c22 · span 1412582–1412592
69WEC Energy Group, Inc., Section 10b CEO totalDEF 14A2026-03-260000783325-26-000035CEO total compensation as printed in WEC Energy Group, Inc.'s own proxy. As printed: 12,188,492. Filing ↗machine: r4 · c27 · span 797676–797686
70CenterPoint Energy, Inc., Section 10b CEO totalDEF 14A2026-03-040001104659-26-023457CEO total compensation as printed in CenterPoint Energy, Inc.'s own proxy. As printed: 12,092,341. Filing ↗machine: r1 · c54 · span 1435451–1435461
71OGE Energy Corp., Section 10b CEO totalDEF 14A2026-04-010001193125-26-138065CEO total compensation as printed in OGE Energy Corp.'s own proxy. As printed: 12,032,007. Filing ↗machine: span 979637–979647
72CMS Energy Corporation, Section 10b CEO totalDEF 14A2026-03-260000811156-26-000015CEO total compensation as printed in CMS Energy Corporation's own proxy. As printed: 10,534,039. Filing ↗machine: r3 · c42 · span 736929–736939
73Atmos Energy Corporation, Section 10b CEO totalDEF 14A2025-12-190000731802-25-000076CEO total compensation as printed in Atmos Energy Corporation's own proxy. As printed: 9,953,274. Filing ↗machine: t122 · r2 · c12 · span 827644–827653
74Evergy, Inc., Section 10b CEO totalDEF 14A2026-03-260001140361-26-011357CEO total compensation as printed in Evergy, Inc.'s own proxy. As printed: 9,537,018. Filing ↗machine: r2 · c25 · span 1518390–1518399
75Alliant Energy Corporation, Section 10b CEO totalDEF 14A2026-03-310000352541-26-000025CEO total compensation as printed in Alliant Energy Corporation's own proxy. As printed: 8,999,073. Filing ↗machine: r2 · c27 · span 489074–489084
76American Water Works Company (subject), Section 10b CEO totalDEF 14A2026-03-240001193125-26-120668CEO total compensation as printed in American Water Works Company's own proxy. As printed: 7,055,667. Filing ↗machine: span 958448–958457
77Pinnacle West Capital Corporation, Section 10b CEO totalDEF 14A2026-04-030001628280-26-023516CEO total compensation as printed in Pinnacle West Capital Corporation's own proxy. As printed: 2,708,803. Filing ↗machine: r20 · c24 · span 1860400–1860409
78Section 10a, Eversource Energy reciprocityDEF 14A—0001104659-26-036077Eversource Energy's most recent proxy was read; its disclosed peer group does not include American Water Works Company. Filing ↗
79Section 10a, WEC Energy Group, Inc. reciprocityDEF 14A—0000783325-26-000035WEC Energy Group, Inc.'s most recent proxy was read; its disclosed peer group does not include American Water Works Company. Filing ↗
80Section 10a, Alliant Energy Corporation reciprocityDEF 14A—0000352541-26-000025Alliant Energy Corporation's most recent proxy was read; its disclosed peer group does not include American Water Works Company. Filing ↗
81Section 10a, Atmos Energy Corporation reciprocityDEF 14A—0000731802-25-000076Atmos Energy Corporation's most recent proxy was read; its disclosed peer group does not include American Water Works Company. Filing ↗
82Section 10a, CenterPoint Energy, Inc. reciprocityDEF 14A—0001104659-26-023457CenterPoint Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include American Water Works Company. Filing ↗
83Section 10a, CMS Energy Corporation reciprocityDEF 14A—0000811156-26-000015CMS Energy Corporation's most recent proxy was read; its disclosed peer group does not include American Water Works Company. Filing ↗
84Section 10a, NiSource Inc. reciprocityDEF 14A—0001140361-26-011851NiSource Inc.'s most recent proxy was read; its disclosed peer group does not include American Water Works Company. Filing ↗
85Section 10a, OGE Energy Corp. reciprocityDEF 14A—0001193125-26-138065OGE Energy Corp.'s most recent proxy was read; its disclosed peer group does not include American Water Works Company. Filing ↗
86Section 10a, Entergy Corporation reciprocityDEF 14A—0000065984-26-000211Entergy Corporation names American Water Works Company in its own disclosed peer group (read from its most recent proxy). Filing ↗
87Section 10a, Pinnacle West Capital Corporation reciprocityDEF 14A—0001628280-26-023516Pinnacle West Capital Corporation's most recent proxy was read; its disclosed peer group does not include American Water Works Company. Filing ↗
88Section 10a, Evergy, Inc. reciprocityDEF 14A—0001140361-26-011357Evergy, Inc.'s most recent proxy was read; its disclosed peer group does not include American Water Works Company. Filing ↗