H2O America (HTO) director receives 1,947 RSUs under long-term incentive plan

Rhea-AI Filing Summary

More Daniel B. reported acquisition or exercise transactions in this Form 4 filing.

H2O America director Daniel B. More reported an equity grant of 1,947 restricted stock units (RSUs). These RSUs were granted under the company’s Long-Term Incentive Plan and each unit entitles him to one share of common stock when it vests.

The RSUs will vest in full if he continues Board service through the day immediately preceding H2O America’s 2027 annual stockholders meeting, with potential accelerated vesting in certain circumstances. In addition, 15,138 shares of common stock are held indirectly through the Daniel B. More Revocable Trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider More Daniel B.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,947	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,947 shares (Direct, null); Common Stock — 15,138 shares (Indirect, Daniel B. More Revocable Trust)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 1,947 RSUs RSU grant price per unit: $0.00 per unit Direct holdings from RSU award: 1,947 shares +2 more

5 metrics

RSU grant size 1,947 RSUs Granted under Long-Term Incentive Plan

RSU grant price per unit $0.00 per unit Equity award, no cash paid

Direct holdings from RSU award 1,947 shares Shares underlying RSUs following grant

Indirect common stock holdings 15,138 shares Held via Daniel B. More Revocable Trust

RSU vesting timing Before 2027 annual meeting Vests if Board service continues through day immediately preceding meeting

Key Terms

restricted stock units, Long-Term Incentive Plan, vest, annual stockholders meeting, +1 more

5 terms

restricted stock units financial

"Represents 1,947 restricted stock units ("RSUs") granted to the reporting person"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Long-Term Incentive Plan financial

"RSUs granted to the reporting person under the Issuer's Long-Term Incentive Plan"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

vest financial

"Each RSU will entitle the reporting person to receive one share of Common Stock when that unit vests"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

annual stockholders meeting financial

"through the day immediately preceding the date of the Issuer's 2027 annual stockholders meeting"

accelerated vesting financial

"subject to accelerated vesting under certain prescribed circumstances"

Form 4 Insider Transactions: What Each Field Means →

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^*

More Daniel B.

(Last) (First) (Middle)

110 W TAYLOR ST

(Street)

SAN JOSE CALIFORNIA 95110

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

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 Stock	05/13/2026		A		1,947(1)	A	$0	1,947	D
Common Stock								15,138	I	Daniel B. More Revocable Trust

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 1,947 restricted stock units ("RSUs") granted to the reporting person under the Issuer's Long-Term Incentive Plan. Each RSU will entitle the reporting person to receive one share of the Issuer's common stock ("Common Stock") when that unit vests. The RSUs will vest in full upon the reporting person's continuation in Board service through the day immediately preceding the date of the Issuer's 2027 annual stockholders meeting, subject to accelerated vesting under certain prescribed circumstances.

Remarks:

	/s/ Marisa Joss Attorney-in-Fact for Daniel B. More	05/15/2026
	** 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)

FAQ

What did H2O America (HTO) director Daniel B. More report in this Form 4?

Daniel B. More reported an award of 1,947 restricted stock units (RSUs). These RSUs were granted under H2O America’s Long-Term Incentive Plan and each unit will convert into one share of common stock when the vesting conditions are satisfied.

How many H2O America (HTO) RSUs were granted to Daniel B. More?

He was granted 1,947 restricted stock units. Each RSU represents a right to receive one share of H2O America common stock, providing stock-based compensation that aligns the director’s interests with shareholders once the units vest in the future.

When do Daniel B. More’s H2O America (HTO) RSUs vest?

The RSUs vest in full if he continues Board service through the day immediately preceding H2O America’s 2027 annual stockholders meeting. The award is also subject to accelerated vesting under certain prescribed circumstances described in the plan and grant terms.

Are Daniel B. More’s H2O America (HTO) RSUs immediately payable in shares?

No, the 1,947 RSUs are not immediately payable. Each unit entitles him to receive one H2O America common share only when it vests, providing deferred equity compensation tied to his continued Board service through the specified vesting date.

What indirect H2O America (HTO) holdings are reported for Daniel B. More?

The filing shows 15,138 H2O America common shares held indirectly through the Daniel B. More Revocable Trust. This line is reported as an indirect ownership entry, separate from the new RSU grant, and reflects existing trust-held common stock.

Is Daniel B. More’s H2O America (HTO) RSU grant a market purchase or sale?

The RSU grant is not a market purchase or sale. It is a stock-based compensation award under H2O America’s Long-Term Incentive Plan, recorded with transaction code A for a grant, award, or other acquisition rather than an open-market trade.