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WATWaters Corporation · Insider ownership research

Waters Corporation insiders sold $1.4M in the past 12 months. How much of their stake is that?

About 4.9% overall. As a group they ended with more shares than they started with. The biggest individual seller, Christopher Kuebler, sold shares equal to 24% of starting holdings, but more shares were added, so the stake grew.

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 173 of the 311 other companies we can measure (#139 of 312)See ranking
2
buyers among officers and directors (2 trades), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
1 of 14
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 6, 2026Christopher Kuebler sold 3.6K shares ($1.4M) with no plan disclosed. That is 17% of the total stake held that day. 3.6K shares came in from vesting or option exercises the same day, so the holding rose by 0 net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Christopher Kuebler
Director
3,626$397.9417%18KAug 6, 2026Aug 7, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about a quarter of the 5-year average. 1 insider sold; the average is 3 a year. Year by year
Latest filing: Filed Oct 2 for a stock award on Sep 30. Wei Jiang received an award of 57 shares. Filing
45 SEC ownership filings in the period · See the evidence

What stands out

Christopher Kuebler (24% of holdings) sold $1.4M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Aug 6, 2026
Two directors bought shares: Richard Fearon (1K shares, $306K) and Wei Jiang (500 shares, $145K).Richard Fearon: purchase, Mar 6, 2026 · Wei Jiang: purchase, Mar 16, 2026
Christopher Kuebler sold 3.6K shares (24% of starting holdings), but 7.7K more shares were added, so the stake grew (from 15K to 18K).Largest sale, Aug 6, 2026

Percentages cover all 14 officers and directors. Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Christopher Kuebler
Director
Sold 24%, but 7.4K shares were added (mostly vesting), so the stake grew
24% · $1.4MNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
OctNovDecJanFebMarAprMayJunJulAug 2026: $1.4M no plan disclosed$1.4MAugSepOct

Common questions

Is the Waters Corporation CEO selling stock?

No. Udit Batra reported no open-market sales in the past 12 months.

Why are Waters Corporation insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Waters Corporation insiders buying?

Yes. 2 officers or directors reported 2 purchases in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did Waters Corporation insiders sell?

About 4.9% overall. As a group they ended with more shares than they started with. The biggest individual seller, Christopher Kuebler, sold shares equal to 24% of starting holdings, but more shares were added, so the stake grew. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold1 officer or director: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Christopher Kuebler
Director
$1.4M
3.6K shares
24%No plan disclosed
The full ownership picture14 of 14 insiders fully reconciled · 14 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Udit Batra
i
Includes unvested RSUs, amount not disclosed.
President and CEO, Director
25K033Kno sales
Vesting, gifts, unvested awards and holding lines for Udit Batra
0shares vested or exercised
0gifted (net of own trusts)
−3.6Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock24,54433,140

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
34,285$323.54Feb 7, 2034$2.6M
18,640$414.09Feb 5, 2035$0
25,283$319.44Feb 25, 2036$2.0M

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Christopher Kuebler
Director
15K−3.6K18K+18%
Vesting, gifts, unvested awards and holding lines for Christopher Kuebler
+7.4Kshares vested or exercised
0gifted (net of own trusts)
−1.3Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock15,03517,808

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
847$328.62Jan 3, 2034$59K
818$368.26Jan 2, 2035$24K
828$381.96Jan 2, 2036$13K
57$319.44Feb 25, 2036$4K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Amol Chaubal
i
Minor difference of 65 shares. Small increase from an employee stock purchase plan. Includes unvested RSUs, amount not disclosed. Small increase from an employee stock purchase plan.
SVP & Chief Financial Officer
5.4K07.8Kno sales
Vesting, gifts, unvested awards and holding lines for Amol Chaubal
0shares vested or exercised
0gifted (net of own trusts)
−1Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • Small increase from an employee stock purchase plan. Filing
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock5,2247,623
ESPPCommon Stock212212

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
8,228$323.54Feb 7, 2034$612K
4,287$414.09Feb 5, 2035$0
7,125$319.44Feb 25, 2036$559K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Reconciliation: minor difference of 65 shares. Small increase from an employee stock purchase plan.

Jianqing Bennett
i
Includes unvested RSUs, amount not disclosed.
SVP Waters Adv. Diagnostics
4.9K06.5Kno sales
Vesting, gifts, unvested awards and holding lines for Jianqing Bennett
0shares vested or exercised
0gifted (net of own trusts)
−755withheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock4,9166,532

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
5,759$323.54Feb 7, 2034$428K
3,168$414.09Feb 5, 2035$0
4,826$319.44Feb 25, 2036$379K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Flemming Ornskov
Director
4.6K05.3Kno sales
Vesting, gifts, unvested awards and holding lines for Flemming Ornskov
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock4,6285,271

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
847$328.62Jan 3, 2034$59K
818$368.26Jan 2, 2035$24K
828$381.96Jan 2, 2036$13K
57$319.44Feb 25, 2036$4K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Mark Vergnano
Director
4.2K04.5Kno sales
Vesting, gifts, unvested awards and holding lines for Mark Vergnano
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock4,2104,540

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
847$328.62Jan 3, 2034$59K
818$368.26Jan 2, 2035$24K
828$381.96Jan 2, 2036$13K
57$319.44Feb 25, 2036$4K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Pearl Huang
Director
2.9K03.3Kno sales
Vesting, gifts, unvested awards and holding lines for Pearl Huang
0shares vested or exercised
0gifted (net of own trusts)
174 → 174unvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock2,9463,276

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
847$328.62Jan 3, 2034$59K
818$368.26Jan 2, 2035$24K
828$381.96Jan 2, 2036$13K
57$319.44Feb 25, 2036$4K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Robert Carpio III
i
Includes unvested RSUs, amount not disclosed.
SVP Waters Analytical Sciences
2.7K03.4Kno sales
Vesting, gifts, unvested awards and holding lines for Robert Carpio III
0shares vested or exercised
0gifted (net of own trusts)
−227withheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock2,6563,426

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
5,537$289.27Jun 24, 2034$602K
2,796$414.09Feb 5, 2035$0
4,884$319.44Feb 25, 2036$383K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Linda Baddour
Director
2.6K02.9Kno sales
Vesting, gifts, unvested awards and holding lines for Linda Baddour
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock2,5692,899

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
847$328.62Jan 3, 2034$59K
818$368.26Jan 2, 2035$24K
828$381.96Jan 2, 2036$13K
57$319.44Feb 25, 2036$4K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Wei Jiang
Director
2.6K03.6Kno sales
Vesting, gifts, unvested awards and holding lines for Wei Jiang
0shares vested or exercised
0gifted (net of own trusts)
153 → 153unvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock2,5513,630

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
847$328.62Jan 3, 2034$59K
818$368.26Jan 2, 2035$24K
828$381.96Jan 2, 2036$13K
57$319.44Feb 25, 2036$4K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Richard Fearon
Director
2K03.3Kno sales
Vesting, gifts, unvested awards and holding lines for Richard Fearon
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,9723,302

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
847$328.62Jan 3, 2034$59K
818$368.26Jan 2, 2035$24K
828$381.96Jan 2, 2036$13K
57$319.44Feb 25, 2036$4K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Daniel Brennan
Director
1K01.4Kno sales
Vesting, gifts, unvested awards and holding lines for Daniel Brennan
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,0251,355

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
847$328.62Jan 3, 2034$59K
818$368.26Jan 2, 2035$24K
828$381.96Jan 2, 2036$13K
57$319.44Feb 25, 2036$4K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Heather Knight
Director
75901.3Kno sales
Vesting, gifts, unvested awards and holding lines for Heather Knight
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock7591,338

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
349$336.49Aug 14, 2034$21K
818$368.26Jan 2, 2035$24K
828$381.96Jan 2, 2036$13K
57$319.44Feb 25, 2036$4K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

Claire Fraser
i
Started reporting during the period; starting holdings are from the Form 3.
Director
1310489no sales
Vesting, gifts, unvested awards and holding lines for Claire Fraser
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock131489

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
877$319.44Feb 25, 2036$69K

Estimate: options held × ($397.94 − strike price), using the most recent insider trade price on Form 4 (Aug 6, 2026), not a market close.

14 of 14 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (13 exactly, 1 with a minor or footnoted difference). Percentages cover all 14 officers and directors. "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$1.4M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $1.4M across 3,626 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $1.4M

Sales with no 10b5-1 plan and no tax reference in the filing. $1.4M of it is Christopher Kuebler. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Christopher Kuebler, Aug 6, 2026

Taxes

6,941 shares ($2.3M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 2 buyers (2 trades)

2 officers and directors bought shares in this period, in 2 trades(Form 4 code P). Across all their filings on record there are 4 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Christopher Kuebler
Director
3.6K$1.4M0%100%Aug 6, 2026 to Aug 6, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$1.4M$0$0$1.4M
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about a quarter of the 5-year average. 1 insider sold; the average is 3 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
3.6K1$1.4M
Oct 8, 2025
1 year earlier
00$0
Oct 8, 2024
2 years earlier
4.5K2$1.6M
Oct 9, 2023
3 years earlier
5.1K2$1.5M
Oct 9, 2022
4 years earlier
14K3$4.7M
Oct 9, 2021
5 years earlier
51K8$15.2M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Amol Chaubal: minor difference of 65 shares. Small increase from an employee stock purchase plan.

Inferred rename: "Family Charitable Trust" is treated as the same holder as "Family Foundation", because the old name was never reported again and the new one opened with the same balance (7,950 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,248 filings from SEC EDGAR, and how we read them

All 1,248 Forms 3, 4 and 5 filed for Waters Corporation (SEC CIK 1000697) from Sep 11, 2002 to Oct 2, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages. 41 older filings exist only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (35)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Jonathan PrattOct 11, 20234,263 shares, last reported balance as of Oct 10, 2023
Edward ConardApr 5, 202374,542 shares, last reported balance as of Mar 31, 2023
Gary HendricksonMay 9, 20222,283 shares, last reported balance as of May 5, 2022
Michael SilveiraMay 4, 20223,288 shares, last reported balance as of May 3, 2022
Keeley AlemanMar 10, 20221,995 shares, last reported balance as of Mar 9, 2022
Daniel WelchFeb 25, 20223,580 shares, last reported balance as of Feb 23, 2022
Belinda HydeFeb 22, 20221,223 shares, last reported balance as of Feb 17, 2022
Thomas SaliceJan 5, 202299,709 shares, last reported balance as of Jan 3, 2022
John BallbachJan 5, 2022379 shares, last reported balance as of Jan 3, 2022
Michael BerendtAug 16, 202116,449 shares, last reported balance as of Aug 13, 2021
Joann ReedMar 8, 202139,685 shares, last reported balance as of Mar 5, 2021
Ian KingMar 3, 20215,529 shares, last reported balance as of Mar 1, 2021
Michael HarringtonMar 3, 20212,660 shares, last reported balance as of Mar 1, 2021
Robert CarsonMar 3, 20211,228 shares, last reported balance as of Mar 1, 2021
Sherry BuckNov 2, 20203,720 shares, last reported balance as of Oct 30, 2020
Elizabeth RaeAug 21, 202013,751 shares, last reported balance as of Aug 20, 2020
Christopher OConnellAug 3, 202027,595 shares, last reported balance as of Jul 31, 2020
Francis KimMar 4, 20202,952 shares, last reported balance as of Mar 2, 2020
Laurie GlimcherJan 3, 20204,067 shares, last reported balance as of Jan 2, 2020
Mark BeaudouinNov 18, 20195,862 shares, last reported balance as of Nov 15, 2019
Terrence KellyMar 12, 2019No balance on record
David TerriccianoMar 1, 20183,173 shares, last reported balance as of Feb 28, 2018
Eugene CassisFeb 16, 201817,596 shares, last reported balance as of Feb 14, 2018
Rohit KhannaJan 3, 20182,343 shares, last reported balance as of Dec 29, 2017
William MillerDec 6, 201722,349 shares, last reported balance as of Dec 5, 2017
Douglas BerthiaumeNov 6, 20173,461,903 shares, last reported balance as of Nov 3, 2017
Joshua BekensteinJan 5, 201760,349 shares, last reported balance as of Jan 3, 2017
Arthur CaputoDec 7, 2016189,562 shares, last reported balance as of Dec 6, 2016
John OrnellDec 10, 201321,979 shares, last reported balance as of Dec 6, 2013
William CurryJun 13, 20131,933 shares, last reported balance as of Jun 12, 2013
Brian MazarFeb 10, 2006476,658 shares, last reported balance as of Dec 14, 2005
Philip CaldwellApr 27, 200558,653 shares, last reported balance as of Apr 25, 2005
Laurie GlimcherFeb 1, 20052,000 shares, last reported balance as of Jan 31, 2005
John NelsonNov 3, 2004138,100 shares, last reported balance as of Oct 29, 2004
Tong WuNo balance on record