Connor Christopher H 4

What Happened

• Connor Christopher, Senior Vice President at American States Water (AWR), received three equity awards in 2025 (totaling 40.142 shares valued at $3,001) and, on 2026-02-18, had 82.5435 shares withheld to satisfy a tax liability (recorded as a disposition) at $74.88 per share for $6,181.
• The award entries are coded as acquisitions (A); the 2/18/2026 entry is coded F (payment of exercise price or tax liability / shares withheld). Awards were granted at or credited at fair market value on the award dates.

Key Details

• Award/Acquisition dates & amounts:
  • 2025-06-03: 12.011 shares @ $78.44 = $942 (derivative units credited at FMV)
  • 2025-09-03: 13.957 shares @ $73.52 = $1,026 (derivative units credited at FMV)
  • 2025-12-02: 14.174 shares @ $72.89 = $1,033 (derivative units credited at FMV)
• Tax withholding / disposition:
  • 2026-02-18: 82.5435 shares withheld @ $74.88 = $6,181 (coded F; shares withheld to satisfy tax liability)
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1–F3 confirm derivative units were credited on the award dates at FMV; F4 confirms 82.5435 shares were withheld to satisfy tax liability.
• Timeliness: Filing dated 2026-02-20 for a 2026-02-18 transaction — marked late (L) in the filing metadata.

Context

• These transactions reflect equity awards being credited (acquisitions) and a routine tax-withholding event (not an open-market sale). Code A indicates an award/grant; code F here indicates shares withheld to pay taxes.
• Withheld shares reduce the insider’s net share count but are generally administrative/tax-related, not a market-directional sale. The filing being late delays public disclosure but does not itself indicate intent.