Stock grants and tax withholdings for AWR SVP (NYSE: AWR)

Rhea-AI Filing Summary

AMERICAN STATES WATER CO senior vice president of ASUS Christopher H. Connor reported a series of compensation-related stock movements. On March 12, 2026, he was awarded common shares, including 1,664.7044 shares at $74.44 per share and another 1,124-share grant, plus a small 11.9265-share credit at fair market value.

On March 13, 2026, the company withheld 424.1398, 108.5382, and 103.1643 common shares at $74.44 per share to satisfy tax liabilities, all classified as tax-withholding dispositions rather than market sales. A small 3.25-share disposition to the issuer occurred on March 5, 2026. Following these transactions, Connor directly holds 6,206.6136 common shares.

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^*

Connor Christopher H

(Last) (First) (Middle)

630 E FOOTHILL BLVD

(Street)

SAN DIMAS CA 91773

(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)
	SVP of ASUS

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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	03/05/2026		D		3.25(1)	D	$0	3,938.6607	D
Common Shares	03/05/2026		A		11.9265(2)	A	$75.46	3,950.5872	D
Common Shares	03/12/2026		A		1,124	A	$0	5,074.5872	D
Common Shares	03/12/2026		A		1,664.7044	A	$74.44	6,739.2916	D
Common Shares	03/13/2026		F		424.1398(3)	D	$74.44	6,315.1518	D
Common Shares	03/13/2026		F		108.5382(4)	D	$74.44	6,206.6136	D
Common Shares	03/13/2026		F		103.1643(5)	D	$74.44	6,103.4493	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. Adjustment due to partial shares

2. 11.9265 Der units credited on 03/05/2026 at FMV

3. 424.1398 shares withheld to satisfy tax liability

4. 108.5382 shares withheld to satisfy tax liability

5. 103.1643 shares withheld to satisfy tax liability

	/s/ Christopher H. Connor	03/16/2026
	** 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 Christopher H. Connor report?

Christopher H. Connor reported share grants and tax withholdings. He received several common share awards in March 2026 and had portions of those shares withheld by American States Water to cover tax liabilities, plus a small disposition back to the issuer.

Were Christopher H. Connor’s AWR transactions open-market buys or sells?

The reported transactions were not open-market trades. They consist of stock grants (code A) as compensation and tax-withholding dispositions (code F) where shares were withheld to satisfy tax obligations, rather than discretionary purchases or sales in the open market.

How many AMERICAN STATES WATER common shares does Connor hold after these transactions?

Connor directly holds 6,206.6136 common shares after the transactions. This post-transaction balance reflects the net result of March 2026 grants, tax-withholding share dispositions, and a small disposition to the issuer reported in the Form 4.

What prices were used for the AWR tax-withholding share dispositions?

The tax-withholding dispositions were priced at $74.44 per share. On March 13, 2026, American States Water withheld blocks of 424.1398, 108.5382, and 103.1643 common shares at this fair market value to cover Christopher Connor’s tax liability.

What do the Form 4 transaction codes A, F, and D mean for AWR’s filing?

Code A indicates grants, F indicates tax withholding, and D a disposition. In this filing, Connor received stock awards (A), had shares withheld to pay taxes (F), and reported a small disposition of 3.25 shares to the issuer (D).