Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On December 6, 2021, the Board of Directors (the "Board") of Essential
Utilities, Inc. (the "Company"), upon the recommendation of the Executive
Compensation Committee and the Corporate Governance Committee, approved an
increase in the annual cash retainer for all non-employee directors of $5,000
per year, an increase in the annual equity award of $10,000 per year, an
increase in the retainer for the Audit Committee Chair of $7,500, an increase in
the retainer for the Executive Compensation Chair of $2,500, an increase in the
retainer for the Corporate Governance and Risk Mitigation and Investment Policy
Chairs of $5,000, and an increase in the retainer for the Lead Independent
Director of $5,000. The increases are effective as of January 1, 2022, when the
annual cash retainer will be $105,000 and the annual equity award will be
$110,000 per year. The updated schedule of non-employee directors' compensation
is attached to this Form 8-K as an exhibit and incorporated by reference herein.
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