Pillai Sunil 4

What Happened Sunil Pillai, VP Environmental Quality at American States Water (AWR), received three awards of DER units during 2025 (total 27.652 shares, ~$2,068 fair market value) and on 2026-02-18 had 61.9286 shares withheld to satisfy tax liability (61.929 shares @ $74.88, ~$4,637). The award transactions are coded A (award/acquisition) and the withholding is coded F (payment of tax liability).

Key Details

• Awards credited (DER units at fair market value):
  • 2025-06-03: 8.274 shares @ $78.44 = $649 (F1)
  • 2025-09-03: 9.614 shares @ $73.52 = $707 (F2)
  • 2025-12-02: 9.764 shares @ $72.89 = $712 (F3)
  • Total awarded: 27.652 shares, $2,068
• Tax withholding / disposition:
  • 2026-02-18: 61.9286 shares withheld to satisfy tax liability (reported as 61.929 shares) @ $74.88 = $4,637 (F4), coded F
• Filing: Form 4 filed 2026-02-20 reporting the 2026-02-18 tax withholding — filed within the usual 2‑day window (timely).
• Shares owned after transaction: Not specified in the provided filing details.

Context These filings reflect compensation awards (DER units credited at fair market value) and a routine tax-withholding disposition, not an open-market sale. Award (A) entries are acquisitions; the F code indicates shares were surrendered/withheld to cover taxes. Such withholding is a common administrative step and does not by itself indicate a buy or sell decision in the open market.