Schickling David R 4

What Happened
David R. Schickling, Vice President — Water Operations at American States Water (AWR), received multiple stock/derivative awards in March 2026 and had shares withheld to satisfy tax liabilities. Key award items: 630.325 shares granted at $74.44 each (value $46,921) and 8.213 shares granted at $75.46 each (value $620). Several other awards/credits were reported at $0.00 (likely non-cash unit credits or 401(k) adjustments). On 2026-03-13, a total of 418.106 shares were withheld (cashless withholding) to cover tax liabilities, representing ~$31,124 in value.

Key Details

• Filing: accession 0001056903-26-000037 filed 2026-03-16 reporting transactions through 2026-03-12 (transactions occurred 2026-03-05, 03-12, 03-13).
• Awards/Acquisitions (code A):
  • 2026-03-05: 14.253 shares @ $0.00 (F1/F3: updated 401k; derivative units credited at FMV)
  • 2026-03-05: 8.213 shares @ $75.46 — value $620
  • 2026-03-12: 770.000 shares @ $0.00
  • 2026-03-12: 630.325 shares @ $74.44 — value $46,921
• Disposition to issuer (code D): 2026-03-05 — 1.675 shares @ $0.00 (adjustment for partial shares per F2)
• Withheld to satisfy tax liabilities (code F):
  • 2026-03-13: 259.568 shares @ $74.44 — $19,322 (F4)
  • 2026-03-13: 81.4483 shares @ $74.44 — $6,063 (F5)
  • 2026-03-13: 77.0903 shares @ $74.44 — $5,739 (F6)
• Shares owned after the transactions: not specified in the provided filing excerpts.
• Notable footnotes: F1 = updated 401(k); F2 = partial-share adjustment; F3 = derivative units credited at fair market value; F4–F6 = shares withheld to satisfy tax liability.

Context
These transactions are primarily awards/grants (not open-market buys or voluntary sales). The withheld shares on 2026-03-13 are tax-withholding actions (a common cashless method when awards/units vest or options are exercised), not open-market dispositions indicating a directional bet. No 10b5-1 plan or late-filing flag is indicated in the provided data.