Director Carl James Levin granted shares in American States Water (NYSE: AWR)

Rhea-AI Filing Summary

AMERICAN STATES WATER CO director Carl James Levin received a grant of 526.8704 Common Shares on May 19, 2026 at $75.92 per share. These are compensation-related award shares, not an open-market purchase. Following the grant, he directly holds 7,202.8718 Common Shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Levin Carl James

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	526.87	$75.92	$40K
Disposition	Common Shares	0.047	$0.00	--
Grant/Award	Common Shares	3.418	$73.52	$251.31

Holdings After Transaction: Common Shares — 7,202.872 shares (Direct, null)

Footnotes (1)

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

Key Figures

Latest share award: 526.8704 Common Shares Award value per share: $75.92 per share Holdings after latest award: 7,202.8718 Common Shares +2 more

5 metrics

Latest share award 526.8704 Common Shares Grant on May 19, 2026

Award value per share $75.92 per share Fair market value on May 19, 2026

Holdings after latest award 7,202.8718 Common Shares Direct ownership following May 19, 2026 grant

Fractional-share disposition 0.0470 Common Shares Disposition to issuer on February 14, 2026 at $0.00

Prior small grant 3.4182 Common Shares Grant on September 3, 2025 at $73.52 per share

Key Terms

Grant, award, or other acquisition, Disposition to issuer, Common Shares, derivative units, +1 more

5 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"

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.

derivative units financial

"Der units credited on 09/03/2025 at FMV"

Fair market value (FMV) financial

"Der units credited on 09/03/2025 at FMV"

Form 4 Insider Transactions: What Each Field Means →

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^*

Levin Carl James

(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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	09/03/2025		A		3.4182(1)	A	$73.52	6,676.0484	D
Common Shares	02/14/2026		D		0.047(2)	D	$0	6,676.0014	D
Common Shares	05/19/2026		A		526.8704	A	$75.92	7,202.8718	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 09/03/2025 at FMV

2. Adjustment due to partial shares

	/s/ Carl James Levin	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)

FAQ

What insider transaction did AWR director Carl James Levin report?

Carl James Levin reported receiving a grant of 526.8704 Common Shares of AMERICAN STATES WATER CO as compensation. The shares were awarded on May 19, 2026, at a fair market value of $75.92 per share, rather than being bought on the open market.

How many AMERICAN STATES WATER CO shares does Carl James Levin hold after this Form 4?

After the May 19, 2026 grant, Carl James Levin directly holds 7,202.8718 Common Shares of AMERICAN STATES WATER CO. This total reflects the new award shares plus prior holdings, net of small adjustments for partial shares previously disposed to the issuer.

Was the AWR Form 4 transaction a stock purchase or a compensation award?

The Form 4 for AMERICAN STATES WATER CO shows a compensation award, not an open-market purchase. Code “A” indicates a grant or award acquisition of 526.8704 Common Shares at a value of $75.92 per share, consistent with director compensation rather than voluntary buying activity.

Did Carl James Levin sell or dispose of any AWR shares in this filing?

Yes, the filing shows a very small disposition to the issuer of 0.0470 Common Shares on February 14, 2026. This adjustment, recorded at a price of $0.00 per share, reflects partial-share clean-up rather than a meaningful sale in the open market.

What earlier share awards to Carl James Levin are included in this AWR Form 4 history?

The Form 4 history includes a prior grant of 3.4182 Common Shares on September 3, 2025 at $73.52 per share. These were credited as units at fair market value and contributed to his total direct holdings before the larger May 2026 stock award.