Essential Utilities (WTRG) Proxy Filing summary

Executive summary

• Achieved strong financial results in 2024, with net income of $595.3M (up 19.5%) and EPS of $2.17 (up 16.7%).

• Invested over $1.3B in infrastructure modernization, adding 10,158 customers and signing agreements to acquire systems serving 210,000+ new customers.

• Achieved 25% reduction in Scope 1 and 2 GHG emissions since 2019, progressing toward a 60% reduction target by 2035.

• Enhanced customer service, employee engagement, and community support, including $5M in charitable giving and 4,460 hours of employee volunteer time.

Voting matters and shareholder proposals

• Shareholders will vote to elect seven directors, approve 2024 executive compensation (advisory), and ratify PricewaterhouseCoopers LLP as auditor for 2025.

• Board recommends voting FOR all proposals.

• Shareholder proposals and director nominations for 2026 must be submitted by specified deadlines.

Board of directors and corporate governance

• Board comprises seven nominees, all independent except the CEO; average independent director tenure is 4.5 years and average age is 59.

• Board refreshment in 2024 included retirements and new appointments; term and age limits enforced.

• Lead Independent Director role and robust committee structure ensure accountability.

• Annual board and committee evaluations conducted by a neutral third party.

• Comprehensive onboarding and continuing education for directors.