VP Pillai receives AWR stock awards; shares withheld for tax (NYSE: AWR)

Rhea-AI Filing Summary

American States Water Company executive Sunil Pillai reported a series of equity compensation and related tax transactions in company common shares. On March 12, 2026, he acquired awards of 770.0000 and 630.3250 common shares, and on March 5, 2026 he received additional credited shares, including 423.7600 shares in a 401k account and 8.2130 directly.

To cover tax liabilities on these awards, 259.5680, 81.4483, and 77.0903 shares were withheld at prices around $74.4400 per share, and a small 2.5809-share disposition was made to the issuer. After these transactions, Pillai holds 5,870.7656 common shares directly and 2,439.5158 common shares indirectly through a 401k plan. The filing reflects routine compensation and tax-withholding activity, not 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^*

Pillai Sunil

(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)
	VP ENVIRONMENTAL QUALITY

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		A		423.76(1)	A	$0	2,439.5158	I	401k
Common Shares	03/05/2026		D		2.5809(2)	D	$0	4,803.2439	D
Common Shares	03/05/2026		A		8.213(3)	A	$75.46	4,811.4569	D
Common Shares	03/12/2026		A		770	A	$0	5,581.4569	D
Common Shares	03/12/2026		A		630.325	A	$74.44	6,211.7819	D
Common Shares	03/13/2026		F		259.568(4)	D	$74.44	5,952.2139	D
Common Shares	03/13/2026		F		81.4483(5)	D	$74.44	5,870.7656	D
Common Shares	03/13/2026		F		77.0903(6)	D	$74.44	5,793.6753	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. Updated 401k

2. Adjustment due to partial shares

3. Der units credited on 03/05/2026 at FMV

4. 259.5680 shares withheld to satisfy tax liability

5. 81.4483 shares withheld to satisfy tax liability

6. 77.0903 shares withheld to satisfy tax liability

	/s/ Sunil PIllai	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did AWR VP Sunil Pillai report on this Form 4?

Sunil Pillai reported equity compensation grants and related tax events in American States Water common shares. He received several stock awards and 401k credits, plus small dispositions for tax withholding and a minor return of shares to the issuer.

Were any of Sunil Pillai’s AWR share transactions open-market buys or sells?

None of the reported transactions were open-market buys or sells. The Form 4 shows awards (code A), tax-withholding dispositions (code F), and a small disposition to the issuer (code D), all tied to compensation and plan activity rather than discretionary market trading.

How many AWR shares does Sunil Pillai hold after these transactions?

After these transactions, Sunil Pillai holds 5,870.7656 American States Water common shares directly. He also holds 2,439.5158 common shares indirectly through a 401k plan, giving a combined reported position across direct and retirement-plan accounts in the filing.

What do the A, F, and D transaction codes mean in Sunil Pillai’s AWR Form 4?

Code A indicates grant or award acquisitions of common shares as compensation. Code F reflects shares withheld to satisfy tax liabilities using shares instead of cash. Code D represents a disposition of shares back to the issuer, not a market sale to other investors.

How were taxes handled on Sunil Pillai’s AWR stock awards?

Taxes were satisfied by withholding shares rather than paying cash. Specifically, 259.5680, 81.4483, and 77.0903 American States Water common shares were withheld at around $74.4400 per share, according to the Form 4 footnotes and transaction details.

What is the nature of Sunil Pillai’s indirect AWR holdings in this filing?

His indirect holdings consist of common shares credited to a 401k plan. On March 5, 2026, 423.7600 shares were credited, and after that update his indirect holdings total 2,439.5158 shares, reflecting retirement-plan accumulation rather than direct brokerage account ownership.