Pillai Sunil 4

What Happened

• Sunil Pillai, VP Environmental Quality at American States Water (AWR), received multiple equity awards/allocations in early March 2026 and a portion of shares were withheld to cover tax liabilities. Key grant items: 630.325 shares on 2026-03-12 valued at $74.44 each ($46,921) and 8.213 shares on 2026-03-05 at $75.46 each ($620). Additional allocations include 423.76 shares (03/05) and 770 shares (03/12) recorded at $0 (see footnotes for 401(k)/derivative-unit details).
• On 2026-03-13, a total of 418.106 shares were withheld/treated as disposed to satisfy tax liabilities (259.568 + 81.4483 + 77.0903), with an aggregate value of $31,124 (withholdings executed at ~$74.44/share).

Key Details

• Transaction dates: awards/credits on 2026-03-05 and 2026-03-12; tax-withholding dispositions on 2026-03-13. Form filed 2026-03-16 (reporting period 2026-03-12).
• Notable grant values: 630.325 shares @ $74.44 = $46,921; 8.213 shares @ $75.46 = $620. Other credited amounts: 423.76 and 770 shares listed at $0 (see footnotes).
• Tax withholding/dispositions: 259.568 shares ($19,322), 81.4483 shares ($6,063), 77.0903 shares ($5,739) — total ~418.106 shares / $31,124.
• Relevant footnotes: F1 = updated 401(k); F3 = derivative units credited on 03/05/2026 at fair market value; F4–F6 = specific share counts withheld to satisfy tax liabilities; F2 = adjustment for partial shares.
• Shares owned after the transactions are not provided in the supplied data.

Context

• These entries are awards/credits (transaction code A) and tax-withholding events (code F); the withholding is a common cashless method to satisfy tax obligations and does not necessarily signal a market view. This is not an open-market purchase or a discretionary sale by the insider.