Item 8.01 Other Events.
Annually, the Essential Board of Directors (the "Board") consults with the
independent compensation consultant retained by the Board's Executive
Compensation Committee, Pay Governance, to review compensation paid with the
goals of attracting and retaining high quality directors. Based on advice from
Pay Governance and Board deliberation, on December 7, 2022, 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 equity award for all non-employee directors
of $10,000 per year. The increase is effective as of January 1, 2023, when the
annual cash retainer will remain at $105,000 and the annual equity award will be
increased to $120,000 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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 Non-Employee Directors' Compensation, effective January 1, 2023.
104 Cover Page Interactive Data File (formatted as inline XBRL)
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