American States Water Company approved new equity awards for key executives. On March 12, 2026, the compensation committee granted time-vested restricted stock units and performance-based restricted stock units to its CEO and several senior officers across American States Water, Golden State Water, and American States Utility Services.
CEO Robert J. Sprowls received 7,362 time-vested units and a 22,088-unit performance award. Other executives received between 770 and 1,124 time-vested units and between 769 and 1,125 performance units. Time-vested awards vest 33%, 33%, and 34% on the first three anniversaries, while performance awards vest 33%, 33%, and 34% on December 31, 2026, 2027, and 2028, subject to death, disability, or retirement provisions and specified performance criteria.
AMERICAN STATES WATER CO President & CEO Robert J. Sprowls reported a mix of share awards and a tax-related share withholding. On February 18, 2026, 510.6757 common shares were disposed of at $74.88 per share to satisfy a tax liability, as reflected in the footnotes.
Earlier grants and awards of common shares were reported on several 2025 dates, including 975.2554 shares on June 4, 2025 and 1,148.1481 shares on December 3, 2025, all classified as grant/award acquisitions rather than open-market purchases. After these transactions, Sprowls directly owned 202,720.4438 common shares.
American States Water Co (AWR) Sr. Vice President & CFO Eva G. Tang reported a series of routine equity transactions. She received several small grant/award acquisitions of common shares between June 2025 and December 2025, with individual awards such as 20.8241 and 24.5158 shares. On February 18, 2026, 86.0900 common shares at $74.88 per share were withheld to satisfy tax liability, classified as a tax-withholding disposition. After the most recent transaction, she directly owned 40,434.0935 common shares.
AMERICAN STATES WATER CO SVP of Operations Paul J. Rowley reported several stock-related transactions in company common shares. On February 18, 2026, 86.0900 shares were disposed of at $74.8800 per share as a tax-withholding disposition to satisfy tax liability on equity compensation, not an open-market sale.
Earlier, Rowley acquired small share awards: 11.5132 shares at $78.4400 on June 3, 2025, 13.3786 shares at $73.5200 on September 3, 2025, and 11.7524 shares at $72.8900 on December 2, 2025, all classified as grant or award acquisitions. After the February 2026 tax withholding, his directly owned holdings stood at 6449.9677 common shares.
AMERICAN STATES WATER CO vice president of water operations David R. Schickling reported several routine equity transactions in company common shares. On February 18, 2026, he had 61.9286 shares withheld at $74.88 per share to cover tax liabilities, leaving 2,249.8137 shares owned directly.
Earlier, he received small direct share awards of 8.2737 shares at $78.44 on June 3, 2025, 9.6141 shares at $73.52 on September 3, 2025, and 9.7637 shares at $72.89 on December 2, 2025. Footnotes state these grants reflect dividend equivalent rights units credited at fair market value and that the withheld shares were used to satisfy tax obligations rather than sold in the open market.
AMERICAN STATES WATER CO VP Environmental Quality Sunil Pillai reported multiple equity transactions in company common shares. On February 18, 2026, Pillai disposed of 61.9286 shares at $74.88 per share to cover tax liabilities through share withholding, leaving 4,805.8248 shares owned directly.
Earlier awards credited on June 3, 2025, September 3, 2025, and December 2, 2025 granted 8.2737, 9.6141, and 9.7637 shares, respectively, as stock-based compensation at fair market value. These awards increased direct holdings as of each grant date.
AMERICAN STATES WATER CO Vice President Jon Pierotti reported routine equity award activity and a tax withholding transaction in company stock. On February 18, 2026, 79.1255 common shares were disposed of at $74.88 per share to satisfy a tax liability, leaving 2,755.1947 shares held directly.
Earlier, Pierotti received three small common share grants as equity awards: 8.2737 shares at $78.44 on June 3, 2025, 9.6141 shares at $73.52 on September 3, 2025, and 9.7637 shares at $72.89 on December 2, 2025. Footnotes state these relate to dividend equivalent right units and tax withholding, indicating administrative, compensation-related transactions rather than open-market buying or selling.
AMERICAN STATES WATER CO Vice President Susan P. Miller reported small equity compensation transactions in company common shares. On February 18, 2026, she disposed of 68.0195 shares at $74.88 per share to cover tax withholding, a non‑open‑market transaction. Earlier, she received periodic share awards of 8.2737, 9.6141, and 9.7637 shares at grant-date fair market values, bringing her directly owned stake to about 3,210 shares.
AMERICAN STATES WATER CO VP of Asset Management Patrick Kubiak reported routine equity activity in company Common Shares. On 2026-02-18, 79.1255 shares at $74.88 were disposed of through a tax-withholding disposition to satisfy tax liability, leaving 3,135.7544 shares held directly.
Earlier grants/awards credited on 2025-06-03, 2025-09-03, and 2025-12-02 added 8.2737, 9.6141, and 9.7637 shares, respectively, as part of ongoing compensation, with all ownership reported as direct.
American States Water Co vice president of finance Gladys Farrow reported several routine equity transactions in company common shares. On February 18, 2026, 61.9286 shares were withheld at $74.88 per share to cover tax liabilities, leaving her with 9,903.5828 shares held directly.
The filing also records three small stock grant awards in 2025: 12.8490 shares on June 3 at $78.44, 9.6141 shares on September 3 at $73.52, and 9.7637 shares on December 2 at $72.89. These entries reflect a mix of share acquisitions through grants and a tax-withholding disposition rather than open-market buying or selling.