[Form 4] American States Water Company Insider Trading Activity

Rhea-AI Filing Summary

American States Water Co. (AWR) officer David R. Schickling reported modest changes in his beneficial ownership tied to deferred compensation and tax withholding. On 06/03/2025 he had 8.7052 common shares credited from deferred units at fair market value, which brought his holdings to 2,310.2624 shares. On 08/12/2025 26.1716 shares were withheld to satisfy a tax liability at $76.21 per share, reducing his holdings to 2,284.0908 shares.

The Form 4 identifies Schickling as an officer, Vice President, Water Operation, and the report was filed by one reporting person. Explanations supplied on the form state the 06/03/2025 entry was deferred units credited at FMV and the 08/12/2025 entry represents shares withheld for taxes.

Insights

Corporate Governance Expert

TL;DR: Routine vesting and tax withholding changed holdings slightly; transaction appears administrative, not strategic.

The Form 4 documents an administrative equity event rather than an active market trade. Specifically, 8.7052 shares were credited from deferred units on 06/03/2025 at fair market value and 26.1716 shares were withheld on 08/12/2025 to satisfy tax obligations, per the filer’s explanation. Beneficial ownership moved from 2,310.2624 shares down to 2,284.0908. The filer is identified as Vice President, Water Operation, and the form was filed by one reporting person. These are routine Section 16 reporting items with limited governance implications.

Securities Analyst

TL;DR: Small net decrease in shares due to tax withholding following deferred-unit crediting; does not indicate active buying or selling.

The report shows deferred compensation converted to equity (8.7052 shares credited at FMV on 06/03/2025) and a subsequent withholding of 26.1716 shares for tax obligations on 08/12/2025 at a reported price of $76.21. Post-transactions beneficial ownership is listed as 2,284.0908 shares. Transaction codes and the explanation provided point to administrative processing rather than discretionary market transactions, suggesting minimal market impact from these specific entries.

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^*

Schickling David R

(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 Water Operation

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	06/03/2025		A		8.7052(1)	A	$78.44	2,310.2624	D
Common Shares	08/12/2025		F		26.1716(2)	D	$76.21	2,284.0908	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 06/03/2025 at FMV

2. 26.1716 shares withheld to satisfy tax liability

	/s/ David R. Schickling	08/14/2025
	** 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.

FAQ

What transactions did David R. Schickling report on the AWR Form 4?

8.7052 shares were credited from deferred units on 06/03/2025 and 26.1716 shares were withheld to satisfy tax liability on 08/12/2025.

How many American States Water (AWR) shares does Schickling beneficially own after these transactions?

Following the 08/12/2025 withholding his holdings are listed as 2,284.0908 shares (previously 2,310.2624 shares after 06/03/2025).

What is David R. Schickling's role at American States Water (AWR)?

Vice President, Water Operation as stated on the Form 4.

Why were shares withheld on 08/12/2025 according to the filing?

26.1716 shares were withheld to satisfy a tax liability, per the form's explanation.

Was the Form 4 filed individually or jointly?

The form indicates it was filed by one reporting person.