Schickling David R 4

What Happened

• David R. Schickling, Vice President – Water Operation at American States Water (AWR), was credited with deferred equity (DER) units in three grants during 2025 (total 27.652 shares, ~$2,068) and on 2026-02-18 had 61.9286 shares withheld to satisfy tax withholding (disposed) at $74.88/share for $4,637.
  • Grants (acquisitions, code A):
    • 06/03/2025: 8.274 shares @ $78.44 = $649 (DER credited at FMV)
    • 09/03/2025: 9.614 shares @ $73.52 = $707 (DER credited at FMV)
    • 12/02/2025: 9.764 shares @ $72.89 = $712 (DER credited at FMV)
  • Tax withholding (code F / disposal):
    • 02/18/2026: 61.9286 shares withheld @ $74.88 = $4,637 (shares withheld to satisfy tax liability)
• These transactions reflect compensation-related awards and subsequent tax withholding (not an open-market sale).

Key Details

• Transaction dates and values:
  • 06/03/2025 — 8.274 shares @ $78.44 (A)
  • 09/03/2025 — 9.614 shares @ $73.52 (A)
  • 12/02/2025 — 9.764 shares @ $72.89 (A)
  • 02/18/2026 — 61.9286 shares withheld @ $74.88 (F), total ~$4,637
• Shares acquired in 2025 awards: 27.652 shares (combined value ≈ $2,068)
• Shares disposed/withheld: 61.9286 shares to satisfy tax liability (footnote: 61.9286 shares withheld)
• Footnotes: F1–F3 = DER units credited on the listed dates at fair market value; F4 = 61.9286 shares withheld to satisfy tax liability.
• Shares owned after the transaction: Not reported in the supplied filing summary.
• Filing timeliness: Form 4 filed 02/20/2026 reporting transactions through 02/18/2026 — appears timely (within the usual 2-business-day reporting window).

Context

• Code A = award/grant (acquisition of deferred equity units); code F = shares withheld to cover tax obligations. DER units are deferred equity credited at fair market value and are compensation, not an open-market purchase signal.
• The withholding is a cashless tax payment — shares were retained/forfeited to cover taxes rather than sold on the open market. These routine compensation transactions do not necessarily indicate insider buying or selling intent.