Are the Steven D. Davis AWR Form 4 transactions routine compensation-related events?

The transactions appear compensation-related and routine, with the main Form 4 entry coded as a grant or award acquisition of 526.8704 common shares and earlier minor adjustments including a very small disposition to the issuer for partial-share alignment.

Director at American States Water (NYSE: AWR) gets equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

American States Water director Steven D. Davis received 526.8704 common shares as an equity award on May 19, 2026 at $75.9200 per share. This compensation-related grant increased his direct holdings to 4836.1990 shares.

The Form 4 also reports two prior small adjustments: a grant of 3.4182 shares on September 3, 2025 at $73.5200 per share and a disposition of 0.3341 shares to the issuer on February 14, 2026, described as an adjustment for partial shares. No derivative securities are reported, and all holdings shown are direct common shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider DAVIS STEVEN D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	526.87	$75.92	$40K
Disposition	Common Shares	0.334	$0.00	--
Grant/Award	Common Shares	3.418	$73.52	$251.31

Holdings After Transaction: Common Shares — 4,836.199 shares (Direct, null)

Footnotes (1)

Der units credited on 09/03/2025 at FMV Adjustment due to partial shares

Key Figures

Equity award shares: 526.8704 shares Award price per share: $75.9200 per share Shares after latest transaction: 4836.1990 shares +3 more

6 metrics

Equity award shares 526.8704 shares Grant to Steven D. Davis on May 19, 2026

Award price per share $75.9200 per share Value used for May 19, 2026 equity grant

Shares after latest transaction 4836.1990 shares Direct holdings following May 19, 2026 grant

Prior small grant 3.4182 shares Grant on September 3, 2025 at $73.5200 per share

Prior grant price $73.5200 per share Used for September 3, 2025 grant valuation

Disposition to issuer 0.3341 shares February 14, 2026 adjustment for partial shares

Key Terms

Grant, award, or other acquisition, Disposition to issuer, Form 4, Common Shares

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Disposition to issuer financial

"transaction_code_description: Disposition to issuer"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Shares financial

"security_title: Common Shares"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 08:36 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

DAVIS STEVEN D

(Last)

(First)

(Middle)

630 E FOOTHILL BLVD

(Street)

SAN DIMAS

CALIFORNIA

91773

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	09/03/2025		A		3.4182⁽¹⁾	A	$73.52	4,309.6627	D
Common Shares	02/14/2026		D		0.3341⁽²⁾	D	$0	4,309.3286	D
Common Shares	05/19/2026		A		526.8704	A	$75.92	4,836.199	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

2. Adjustment due to partial shares

	/s/ Steven D. Davis	05/19/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Steven D. Davis report in this AMERICAN STATES WATER (AWR) Form 4?

Steven D. Davis reported receiving 526.8704 common shares of AMERICAN STATES WATER as an equity award at $75.9200 per share, bringing his direct holdings to 4836.1990 shares following the May 19, 2026 transaction.

Is the latest AWR Form 4 transaction by Steven D. Davis a purchase or an award?

The latest AWR Form 4 transaction is an equity award, not an open-market purchase. It is coded as a grant or other acquisition, reflecting compensation in the form of 526.8704 common shares at $75.9200 per share.

How many AMERICAN STATES WATER (AWR) shares does Steven D. Davis hold after this Form 4?

After the May 19, 2026 equity award, Steven D. Davis directly holds 4836.1990 AMERICAN STATES WATER common shares, as reported in the Form 4’s post-transaction holdings column for the latest transaction.

What earlier transactions are disclosed in this AWR Form 4 for Steven D. Davis?

The Form 4 discloses a grant of 3.4182 common shares on September 3, 2025 at $73.5200 per share and a small disposition of 0.3341 shares to the issuer on February 14, 2026, noted as an adjustment for partial shares.

Does the Steven D. Davis Form 4 for AWR show any derivative securities like options?

No, the Form 4 shows no derivative securities for Steven D. Davis. The derivative summary is empty, and all reported transactions involve non-derivative AMERICAN STATES WATER common shares held directly.