Director at H2O America (HTO) awarded 505 restricted stock units

Rhea-AI Filing Summary

Rowe Nick Orlando reported acquisition or exercise transactions in this Form 4 filing.

H2O America director Nick Orlando Rowe received an equity award of 505 restricted stock units under the company’s 2023 Long-Term Incentive Plan. The grant is recorded at a price of $0.00 per unit, reflecting a stock-based compensation award rather than a cash purchase.

Each restricted stock unit entitles Rowe to one share of H2O America common stock when it vests. The units will vest in full on the one-year anniversary of the grant date, with the potential for accelerated vesting under certain prescribed circumstances. After this grant, Rowe holds 505 shares-based units directly.

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

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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^*

Rowe Nick Orlando

(Last) (First) (Middle)

110 W TAYLOR ST.

(Street)

SAN JOSE CA 95110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
H2O AMERICA [ HTO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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 Stock	03/01/2026		A		505(1)	A	$0	505	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. Represents 505 restricted stock units granted to the reporting person under the Issuer's 2023 Long-Term Incentive Plan. Each restricted stock unit will entitle the reporting person to receive one share of the Issuer's common stock when that unit vests. The units will vest in full on the one year anniversary of the date of grant, subject to accelerated vesting under certain prescribed circumstances.

Remarks:

	/s/ Marisa Joss Attorney-in-Fact for Nick O. Rowe	03/03/2026
	** 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.

FAQ

What insider transaction did H2O America (HTO) report for Nick Orlando Rowe?

H2O America reported an equity grant to director Nick Orlando Rowe of 505 restricted stock units. These units were awarded under the 2023 Long-Term Incentive Plan and represent stock-based compensation rather than an open-market share purchase.

How many shares are covered by Nick Orlando Rowe’s new H2O America (HTO) award?

The award covers 505 restricted stock units, with each unit corresponding to one share of H2O America common stock upon vesting. This grant increases Rowe’s directly held equity-based position to 505 units following the reported transaction.

What is the vesting schedule for Nick Orlando Rowe’s H2O America (HTO) restricted stock units?

The 505 restricted stock units granted to Nick Orlando Rowe vest in full on the one-year anniversary of the grant date. The award may vest earlier under certain prescribed accelerated vesting circumstances described in the plan terms.

Did Nick Orlando Rowe pay cash for the 505 H2O America (HTO) restricted stock units?

No cash outlay is indicated for this grant; the Form 4 lists a $0.00 price per unit. This reflects a stock-based compensation award made under H2O America’s 2023 Long-Term Incentive Plan, not an open-market purchase of shares.

How will the 505 H2O America (HTO) restricted stock units convert into shares for Nick Orlando Rowe?

Each restricted stock unit will convert into one share of H2O America common stock when it vests. Upon the one-year vesting date, Rowe will receive 505 common shares, subject to any accelerated vesting provisions that may apply.