AWR VP reports equity grants and tax share withholding

AMERICAN STATES WATER CO Vice President Susan P. Miller reported routine equity compensation and related tax withholding transactions in company common shares.

Accepted by SEC EDGAR 03/16/2026 - 08:18 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

AMERICAN STATES WATER CO Vice President Susan P. Miller reported routine equity compensation and related tax withholding transactions in company common shares. On March 12, 2026, she acquired 770.0000 and 1,147.5147 common shares as grants or awards, increasing her direct holdings.

On March 13, 2026, a total of 398.5324, 89.4592, and 84.6725 shares were disposed of as tax-withholding transactions to satisfy liabilities tied to these awards, not open-market sales. Earlier, on March 5, 2026, she received an additional 8.2130 shares and disposed of 2.0140 shares to the issuer. After these transactions, she directly owns 4,561.3370 common shares.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider Miller Susan P.

Role Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	398.5324	$74.44	$30K
Exercise Price or Tax Liability	Common Shares	89.4592	$74.44	$7K
Exercise Price or Tax Liability	Common Shares	84.6725	$74.44	$6K
Grant/Award	Common Shares	770	$0.00	$0.00
Grant/Award	Common Shares	1,147.5147	$74.44	$85K
Disposition	Common Shares	2.014	$0.00	$0.00
Grant/Award	Common Shares	8.213	$75.46	$619.75

Holdings After Transaction: Common Shares — 4,561.337 shares (Direct)

Holdings Before and After: Common Shares, 3,210.2874 to 4,561.337 shares (Direct)

Footnotes (5)

1. F1. Adjustment due to partial shares
2. F2. Der units credited on 03/05/2026 at FMV
3. F3. 398.5324 shares withheld to satisfy tax liability
4. F4. 89.4592 shares withheld to satisfy tax liability
5. F5. 84.6725 shares withheld to satisfy tax liability

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did AWR Vice President Susan P. Miller report on March 12, 2026?

On March 12, 2026, Susan P. Miller reported two equity grants in AMERICAN STATES WATER CO common shares, acquiring 770.0000 and 1,147.5147 shares. These were reported as grant or award acquisitions, increasing her direct ownership position in the company’s stock.

How many AWR shares were withheld for Susan P. Miller’s taxes on March 13, 2026?

On March 13, 2026, a total of 398.5324, 89.4592, and 84.6725 AMERICAN STATES WATER CO shares were withheld for Susan P. Miller’s tax liabilities. These Form 4 entries are coded as F transactions, indicating tax-withholding dispositions rather than open-market sales.

What is Susan P. Miller’s direct AWR share ownership after the reported Form 4 transactions?

After the reported transactions, Susan P. Miller directly owns 4,561.3370 AMERICAN STATES WATER CO common shares. This figure reflects the net effect of her March 5, March 12 grant acquisitions and the March 13 tax-withholding dispositions reported in the Form 4 filing.

Were any of Susan P. Miller’s AWR transactions open-market purchases or sales?

The reported transactions show no open-market purchases or sales. They consist of grant or award acquisitions coded A and tax-withholding dispositions coded F, plus a small disposition to the issuer coded D, all related to equity compensation rather than market trading.

What transactions did Susan P. Miller report in AWR stock on March 5, 2026?

On March 5, 2026, Susan P. Miller reported acquiring 8.2130 AMERICAN STATES WATER CO common shares as a grant or award and disposing of 2.0140 shares to the issuer. These small transactions slightly adjusted her direct holdings as part of routine compensation activity.

How does the Form 4 classify Susan P. Miller’s tax-related AWR share dispositions?

The Form 4 classifies the tax-related share movements as F-code transactions described as payment of tax liability by delivering securities. For Susan P. Miller, these dispositions are labeled tax-withholding transactions, indicating shares were withheld to satisfy taxes on her equity awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Miller Susan P.

(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)
	Vice President

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		2.014(1)	D	$0	3,208.2734	D
Common Shares	03/05/2026		A		8.213(2)	A	$75.46	3,216.4864	D
Common Shares	03/12/2026		A		770	A	$0	3,986.4864	D
Common Shares	03/12/2026		A		1,147.5147	A	$74.44	5,134.0011	D
Common Shares	03/13/2026		F		398.5324(3)	D	$74.44	4,735.4687	D
Common Shares	03/13/2026		F		89.4592(4)	D	$74.44	4,646.0095	D
Common Shares	03/13/2026		F		84.6725(5)	D	$74.44	4,561.337	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. Der units credited on 03/05/2026 at FMV

3. 398.5324 shares withheld to satisfy tax liability

4. 89.4592 shares withheld to satisfy tax liability

5. 84.6725 shares withheld to satisfy tax liability

	/s/ Susan P. Miller	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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