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  "documentTitle": "Essential Utilities, Inc. (WTRG)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2023-03-08 00:00:00",
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      "text": "As WTRG's share count has ballooned over the years, insiders have not increased their stock holdings accordingly.",
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      "text": "insider ownership: 0.17%",
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      "text": "As WTRG's share count has ballooned over the years, insiders have not increased their stock holdings accordingly. As a result, insider ownership has been in steady decline and stands at just 0.17% of shares outstanding. When we benchmark WTRG's insider ownership against industry peers, we find they have among the lowest insider ownership.",
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      "text": "Source: WTRG and Competitor SEC Proxy filings and Spruce Point analysis",
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      "text": "WTRG Insider Ownership Trend table showing years 2000-2022 with mm of shares, shares o/s, and % beneficial ownership.",
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