SPROWLS ROBERT J 4

What Happened
Robert J. Sprowls, President & CEO of American States Water (AWR), was granted multiple share awards in early March 2026. The largest grant was 17,693.275 shares on 2026-03-12 at $74.44 per share (value $1,317,087). He also received 1,121.173 shares on 2026-03-06 at $76.17 (value $85,400) and 74.297 shares on 2026-03-05 at $75.46 (value $5,606). To satisfy tax withholding obligations, a total of 9,000.6863 + 717.84 + 710.0818 = 10,428.6081 shares were withheld on 2026-03-13 (cash value ~$776,305). There are additional zero-price credits on 3/12 and other small adjustments (partial-share and DRIP/401(k) related).

Key Details

• Transaction dates and prices:
  • 2026-03-05: 74.297 shares @ $75.46 (A) — $5,606
  • 2026-03-06: 1,121.173 shares @ $76.17 (A) — $85,400
  • 2026-03-12: 17,693.275 shares @ $74.44 (A) — $1,317,087
  • 2026-03-13: 9,000.6863; 717.84; 710.0818 shares withheld @ $74.44 (F) — total ~$776,305 (tax withholding)
  • Other entries: small disposition of 2.134 shares (D) and zero-price credits (A) on 3/12 (DRIP/401k/derivative unit credits)
• Net effect on holdings (from the monetary awards shown): roughly 18,888.745 shares awarded vs ~10,428.608 shares withheld — roughly +8,460 net shares retained from those paid awards (does not include zero-value credits).
• Notable footnotes: F2 = derivative units credited 03/05/2026 at fair market value; F3 = updated DRIP; F4 = updated 401(k); F5–F7 = specific share-withholdings to satisfy tax liabilities; F1 = adjustment for partial share.
• Filing timeliness: Form filed 2026-03-16 covering transactions through 2026-03-12/13 — appears timely (filed within required business-day window).

Context

• Transaction codes: A = Award/Grant; F = Payment to satisfy tax liability (shares withheld); D = Disposition to issuer (partial-share adjustment).
• This was primarily grants/awards to the CEO, not open-market purchases or sales. The withheld-share entries indicate net settlement (company withheld shares to cover taxes) rather than an open-market sale.
• For retail investors: awards are routine compensation events. The material item here is the ~17.7k-share award valued at ~$1.32M and the subsequent withholding of ~10.4k shares to cover taxes.