{"url_path":"/sec/wat/10-k/2026/item-5","section_key":"item-5","section_title":"Item 5 Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-02-23","source_url":"https://www.sec.gov/Archives/edgar/data/1000697/0001193125-26-062604-index.html","accession_number":"0001193125-26-062604","cik":"0001000697","ticker":"WAT","issuer_name":"WATERS CORP /DE/","edgar_url":"https://www.sec.gov/Archives/edgar/data/1000697/0001193125-26-062604-index.html","primary_entity_key":"0001000697","primary_entity_name":"WATERS CORP /DE/"},"word_count":586,"has_tables":true,"body_markdown":"Item 5: \n\nMarket for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities\n\nThe Company’s common stock is registered under the Exchange Act and is listed on the New York Stock Exchange under the symbol “WAT”. As of February 19, 2026, the Company had 5,058 common stockholders of record. The Company has not declared or paid any dividends on its common stock in its past three fiscal years and does not intend to pay cash dividends in the foreseeable future. Any future determination to pay cash dividends will be made at the discretion of the Board of Directors and will depend on restrictions and other factors the Board of Directors may deem relevant. The Company has not made any sales of unregistered equity securities in the years ended December 31, 2025, 2024 and 2023.\n\nSecurities Authorized for Issuance under Equity Compensation Plans\n\nEquity compensation plan information is incorporated by reference from Part III, Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters, of this document and should be considered an integral part of this Item 5.\n\n \n\n41\n\n##### Table of Contents\n\nStock Price Performance Graph\n\nThe following performance graph and related information shall not be deemed to be “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act or the Exchange Act, except to the extent that the Company specifically incorporates it by reference into such filing.\n\nThe following graph compares the cumulative total return on $100 invested as of December 31, 2020 (the last day of public trading of the Company’s common stock in fiscal year 2020) through December 31, 2025 (the last day of public trading of the common stock in fiscal year 2025) in the Company’s common stock, the NYSE Market Index, the SIC Code 3826 Index and the S&P 500 Index. The return of the indices is calculated assuming reinvestment of dividends during the period presented. The Company has not paid any dividends since its IPO. The stock price performance shown on the graph below is not necessarily indicative of future price performance.\n\nCOMPARISON OF CUMULATIVE TOTAL RETURN SINCE DECEMBER 31, 2020\n\nAMONG WATERS CORPORATION, NYSE MARKET INDEX, SIC CODE 3826 INDEX – LABORATORY ANALYTICAL INSTRUMENTS AND S&P 500 INDEX\n\n \n\n \n\n \n\n  \n  \n2020\n \n  \n2021\n \n  \n2022\n \n  \n2023\n \n  \n2024\n \n  \n2025\n \n\nWATERS CORPORATION\n\n  \n \n100.00\n \n  \n \n150.59\n \n  \n \n138.46\n \n  \n \n133.07\n \n  \n \n149.94\n \n  \n \n153.52\n \n\nNYSE MARKET INDEX\n\n  \n \n100.00\n \n  \n \n120.68\n \n  \n \n109.39\n \n  \n \n124.46\n \n  \n \n144.12\n \n  \n \n169.62\n \n\nSIC CODE INDEX\n\n  \n \n100.00\n \n  \n \n126.55\n \n  \n \n85.53\n \n  \n \n76.41\n \n  \n \n71.56\n \n  \n \n69.03\n \n\nS&P 500 INDEX\n\n  \n \n100.00\n \n  \n \n128.71\n \n  \n \n105.40\n \n  \n \n133.10\n \n  \n \n166.40\n \n  \n \n196.16\n \n\n \n\n42\n\n##### Table of Contents\n\nPurchases of Equity Securities by the Issuer\n\nThe following table provides information about purchases by the Company during the three months ended December 31, 2025 of equity securities registered by the Company under the Exchange Act (in thousands, except per share data):\n\n \n\nPeriod\n\n  \nTotal\nNumber of\nShares\nPurchased (1)\n \n  \nAverage\nPrice Paid\nper Share\n \n  \nTotal Number of\nShares Purchased\nas Part of Publicly\nAnnounced\nPrograms\n \n  \nMaximum Dollar\nValue of Shares\nThat May Yet Be\nPurchased\nUnder the\nPrograms\n(in thousands)\n \n\nSeptember 28, 2025 to October 25, 2025\n\n  \n \n81\n \n  \n$\n289.43\n \n  \n \n— \n \n  \n$\n961,207\n \n\nOctober 26, 2025 to November 22, 2025\n\n  \n \n91\n \n  \n$\n345.95\n \n  \n \n— \n \n  \n$\n961,207\n \n\nNovember 23, 2025 to December 31, 2025\n\n  \n \n236\n \n  \n$\n377.12\n \n  \n \n— \n \n  \n$\n961,207\n \n\n  \n\n \n\n \n\n \n  \n\n \n\n \n\n \n  \n\n \n\n \n\n \n  \n\n \n\n \n\n \n\nTotal\n\n  \n \n408\n \n  \n$\n352.76\n \n  \n \n— \n \n  \n$\n961,207\n \n\n  \n\n \n\n \n\n \n  \n\n \n\n \n\n \n  \n\n \n\n \n\n \n  \n\n \n\n \n\n \n\n \n\n(1)\n\nAll shares repurchased as referenced in the table above related to the vesting of restricted stock during the three months ended December 31, 2025.\n\n \n\n43\n\n##### Table of Contents"}