TANG EVA G 4

What Happened

• Eva G. Tang, Senior Vice President & CFO of American States Water (AWR), received a mix of stock awards/credits and acquired shares between Mar 5–13, 2026, and had shares withheld to satisfy tax obligations. Key items: 992.358 shares were acquired at $74.44 ($73,871), smaller awards of 11.431 and 24.986 shares were recorded at market prices ($863 and $1,903), and larger zero-dollar credits of 1,071 and 276.059 shares were recorded (likely DRIP/401k or fractional adjustments). To cover tax liabilities, 400.813, 113.2903 and 107.3366 shares (total ~621.44 shares) were withheld — proceeds shown as dispositions totaling about $46,260. There was also a 1.727-share disposition (adjustment for a partial share).

Key Details

• Transaction dates and notable prices:
  • 2026-03-05: 11.431 shares acquired @ $75.46 (Acquired; $863) and 1.727 shares disposed to issuer @ $0 (partial-share adj).
  • 2026-03-06: 24.986 shares acquired @ $76.17 ($1,903).
  • 2026-03-12: 1,071 and 276.059 shares credited @ $0 (derivative/DRIP/401k credits) and 992.358 shares acquired @ $74.44 ($73,871).
  • 2026-03-13: 400.813, 113.29 and 107.337 shares withheld to satisfy tax liabilities (dispositions) — values $29,837 / $8,433 / $7,990 respectively.
• Total of acquisitions/credits recorded in this filing: ~2,375.83 shares (with ~ $76.6K shown for paid acquisitions at market prices). Total withheld for taxes: 621.44 shares ($46.3K).
• Footnotes: F2 = derivative units credited on 03/05 at fair market value; F3 = updated DRIP; F4 = updated 401(k); F1 = adjustment for partial share; F5–F7 = shares withheld to satisfy tax liability.
• Shares owned after the transactions: not disclosed in the provided data.
• Filing: Report filed 2026-03-16 covering transactions through 2026-03-13. This appears to be within typical Form 4 timing requirements (filed within the SEC’s two-business-day window for these dates).

Context

• These entries are largely awards/credits and tax-withholding dispositions (F = tax withholding). When shares are withheld to satisfy taxes, that’s a routine cashless-type settlement and not a market sale that signals sentiment. The large credited amounts at $0 likely reflect plan credits (DRIP, 401k or fractional-share adjustments) rather than open-market purchases. No 10% owner or 10b5-1 plan language was indicated in the provided notes.