FARROW GLADYS 4

What Happened

• Gladys Farrow, VP — Finance, Treasurer & Asst. Secretary at American States Water (AWR), was credited with stock/derivative awards and had shares withheld to cover tax liabilities. The filing shows acquisitions of 8.213 shares @ $75.46 (value $620), 770 shares @ $0.00, and 715.446 shares @ $74.44 (value $53,258) on 2026-03-05 and 2026-03-12 (total acquired = 1,493.659 shares; reported value at least $53,878). On 2026-03-13 and 03-05 she had shares withheld/disposed to satisfy tax or fractional-share adjustments: 294.621, 81.448, 77.090 and a 1.976-share disposition to the issuer (total disposed/withheld ≈ 455.135 shares). Net increase in reported shares from these entries ≈ 1,038.524 shares.

Key Details

• Transaction dates: grants/acquisitions on 2026-03-05 and 2026-03-12; withholdings/dispositions on 2026-03-05 and 2026-03-13. Filing date: 2026-03-16 (covers transactions through 03-13).
• Prices/values reported: 8.213 shares @ $75.46 = $620; 715.446 shares @ $74.44 = $53,258; 770 shares reported at $0.00. Total reported value ≈ $53,878 (does not include any FMV for the 770-share entry if not reported).
• Withheld/disposed shares (footnotes): 294.6205, 81.4483, 77.0903 shares withheld to satisfy tax liabilities (footnotes F3–F5). A 1.976-share disposition noted as an adjustment for partial shares (F1). F2 indicates "derivative units credited on 03/05/2026 at FMV."
• Shares owned after the transactions: not specified in the provided data (noted in the filing excerpt).
• Timeliness: filing dated 2026-03-16 for transactions through 03-13 — appears timely based on typical Form 4 reporting windows.

Context

• These entries are primarily awards/credits (A) and withholding to satisfy tax liabilities (F). The withholding entries represent shares retained by the company to pay taxes rather than open-market sales. No open-market sale by the insider is indicated; this looks like standard equity award crediting and tax withholding rather than a separate cash sale.