FARROW GLADYS 4

What Happened Gladys Farrow, VP—Finance, Treasurer & Asst. Secretary of American States Water (AWR), was credited with three stock/derivative-unit awards in 2025 and had 61.9286 shares withheld on 2026-02-18 to satisfy a tax liability. The awards: 12.849 shares on 2025-06-03 at $78.44 (value $1,008); 9.614 shares on 2025-09-03 at $73.52 (value $707); and 9.764 shares on 2025-12-02 at $72.89 (value $712). On 2026-02-18, 61.9286 shares were disposed/withheld at $74.88 per share (value ~$4,637) to cover taxes.

Key Details

• Transaction types: A = Award/Grant (three awards credited at FMV); F = Tax withholding (shares withheld to satisfy tax liability).
• Dates & prices:
  • 06/03/2025: 12.849 shares @ $78.44 = $1,008 (credited, footnote F1)
  • 09/03/2025: 9.614 shares @ $73.52 = $707 (credited, footnote F2)
  • 12/02/2025: 9.764 shares @ $72.89 = $712 (credited, footnote F3)
  • 02/18/2026: 61.9286 shares withheld @ $74.88 = $4,637 (disposition to satisfy tax liability, footnote F4)
• Shares received total: 32.227 shares (aggregate value $2,427). Shares withheld: 61.9286 shares ($4,637).
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: Report filed 2026-02-20 for a 2026-02-18 transaction — appears timely (not marked late).

Context

• These were compensation-related derivative units credited at fair market value (per footnotes). The 02/18/2026 action is a tax-withholding disposition (common practice when awards vest); not an open-market sale intended as a directional bet.
• For retail investors: awards and tax-withholdings are routine insider compensation events and generally carry less informational weight than purchases by insiders.