Executive equity moves at American States Water (NYSE: AWR) detail grants and tax withholding

Rhea-AI Filing Summary

American States Water Co vice president of finance Gladys Farrow reported several routine equity transactions in company common shares. On February 18, 2026, 61.9286 shares were withheld at $74.88 per share to cover tax liabilities, leaving her with 9,903.5828 shares held directly.

The filing also records three small stock grant awards in 2025: 12.8490 shares on June 3 at $78.44, 9.6141 shares on September 3 at $73.52, and 9.7637 shares on December 2 at $72.89. These entries reflect a mix of share acquisitions through grants and a tax-withholding disposition rather than open-market buying or selling.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FARROW GLADYS

(Last) (First) (Middle)

3825 CANFIELD ROAD

(Street)

PASADINA CA 91107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN STATES WATER CO [ AWR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP - Fin., Treas., & Asst. Sec

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/03/2025		A		12.849(1)	A	$78.44	9,946.1335	D
Common Shares	09/03/2025		A		9.6141(2)	A	$73.52	9,955.7477	D
Common Shares	12/02/2025		A		9.7637(3)	A	$72.89	9,965.5114	D
Common Shares	02/18/2026		F		61.9286(4)	D	$74.88	9,903.5828	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Der units credited on 06/03/2025 at FMV

2. Der units credited on 09/03/2025 at FMV

3. Der units credited on 12/02/2025 at FMV

4. 61.9286 shares withheld to satisfy tax liability

	/s/ Gladys Farrow	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did AWR executive Gladys Farrow report?

Gladys Farrow reported small stock grants and a tax-related share withholding. Three awards in 2025 increased her direct holdings, while 61.9286 shares were withheld in 2026 to satisfy tax liability tied to equity compensation.

Was there an open-market sale of AMERICAN STATES WATER (AWR) shares?

No open-market sale was reported. The 61.9286-share reduction was a tax-withholding disposition, where shares are withheld to cover taxes on equity compensation, rather than sold voluntarily on the open market.

How many AMERICAN STATES WATER (AWR) shares does Gladys Farrow now hold?

After the reported transactions, Gladys Farrow directly holds 9,903.5828 common shares. This figure comes after accounting for the 2025 stock grant awards and the February 18, 2026 tax-withholding share reduction.

What were the details of the 2025 stock grants to the AWR executive?

In 2025, Farrow received three stock grants: 12.8490 shares at $78.44 on June 3, 9.6141 shares at $73.52 on September 3, and 9.7637 shares at $72.89 on December 2, all classified as grant or award acquisitions.

What does transaction code F mean in the AWR Form 4 filing?

Transaction code F indicates payment of tax liability by delivering securities. In this case, 61.9286 AWR shares were withheld on February 18, 2026 to cover taxes owed on equity compensation, not an open-market share sale.

Are the AWR insider transactions primarily acquisitions or dispositions?

The transactions are mostly acquisitions. Three entries in 2025 are classified as grant or award acquisitions, while a single February 18, 2026 entry is a tax-withholding disposition, reducing shares to satisfy tax obligations on prior compensation.