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  "documentTitle": "Essential Utilities, Inc. (WTRG)",
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  "authorName": "Spruce Point Capital Management",
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  "notes": "Uses red boxes to draw attention to the discrepancy between 'Target' and 'Actual' performance metrics.",
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      "text": "Is it a coincidence that with special and unaudited adjustments in the proxy statement, WTRG's management exceed its “maximum” threshold on EPS, its biggest weighting toward its short-term incentive bonus?",
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      "text": "Source: WTRG Proxy, p. 58",
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      "text": "EPS Adjustments In Favor of Management Triggers 150% Attainment For 35% of Its Cash Incentive Bonus",
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