AWR director receives share grant, holds 8,997 shares

AMERICAN STATES WATER CO director Thomas A. Eichelberger reported equity compensation and minor share adjustments.

Rhea-AI Filing Summary

AMERICAN STATES WATER CO director Thomas A. Eichelberger reported equity compensation and minor share adjustments. On May 19, 2026, he received a grant of 526.8704 Common Shares at $75.92 per share, bringing his direct holdings to 8,997.1990 Common Shares.

The filing also shows a small disposition of 0.3341 Common Shares to the issuer on February 14, 2026 with no stated price, and an earlier award of 3.4182 Common Shares at $73.52 on September 3, 2025, noted as units credited at fair market value and adjusted for partial shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Eichelberger Thomas A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	526.8704	$75.92	$40K
Disposition	Common Shares	0.3341	$0.00	$0.00
Grant/Award	Common Shares	3.4182	$73.52	$251.31

Holdings After Transaction: Common Shares — 8,997.199 shares (Direct)

Footnotes (2)

1. F1. Der units credited on 09/03/2025 at FMV
2. F2. Adjustment due to partial shares

Key Figures

Latest share grant: 526.8704 Common Shares Grant price: $75.92 per share Holdings after grant: 8,997.1990 Common Shares +3 more

6 metrics

Latest share grant 526.8704 Common Shares Grant on May 19, 2026 at $75.92 per share

Grant price $75.92 per share Fair market value for May 19, 2026 award

Holdings after grant 8,997.1990 Common Shares Direct ownership following May 19, 2026 transaction

February 2026 disposition 0.3341 Common Shares Disposition to issuer on February 14, 2026 at $0.00

September 2025 award 3.4182 Common Shares Grant on September 3, 2025 at $73.52 per share

September 2025 award price $73.52 per share Fair market value for September 3, 2025 credited units

Key Terms

Grant, award, or other acquisition, Disposition to issuer, fair market value, 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"

fair market value financial

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

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

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.

FAQ

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

What did AWR director Thomas A. Eichelberger report in this Form 4?

He reported equity compensation activity, mainly a grant of 526.8704 Common Shares at $75.92 per share, increasing his direct holdings to 8,997.1990 shares. The filing also shows a small prior award and a minor disposition back to the issuer.

How many AWR shares does Thomas A. Eichelberger now hold directly?

After the latest reported transactions, he directly holds 8,997.1990 Common Shares. This figure reflects the May 19, 2026 equity grant and earlier adjustments, including a small disposition and prior awards noted in the filing.

Was the latest AWR insider transaction a market purchase or a grant?

The latest transaction was a grant or award acquisition, not an open-market purchase. On May 19, 2026, Eichelberger received 526.8704 Common Shares at $75.92 per share as a compensation-related award rather than buying them in the market.

What is the small disposition of AWR shares reported in February 2026?

On February 14, 2026, the filing shows a disposition of 0.3341 Common Shares to the issuer with a reported price of $0.00. This is categorized as a disposition to the issuer, reflecting a very small adjustment to his direct holdings.

What earlier AWR share award did Eichelberger report from 2025?

He reported an earlier award of 3.4182 Common Shares on September 3, 2025 at $73.52 per share. Footnotes describe these as units credited at fair market value, with a separate adjustment entry for partial shares in his account.

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

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Accepted by SEC EDGAR 05/19/2026 - 08:36 PM EDT Learn about SEC filing dates

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^*

Eichelberger Thomas A.

(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	8,470.6627	D
Common Shares	02/14/2026		D		0.3341(2)	D	$0	8,470.3286	D
Common Shares	05/19/2026		A		526.8704	A	$75.92	8,997.199	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)
				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/ Thomas A. Eichelberger	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)