Pierotti Jon 4

What Happened
Jon Pierotti, Vice President of Regulatory Affairs at American States Water (AWR), received multiple stock awards/grants in early March 2026 and subsequently had shares withheld to satisfy tax liabilities. Awards credited include: 630.325 shares at $74.44 (value $46,921), 8.213 shares at $75.46 (value $620), plus 801.81 shares issued at $0.00 (31.81 and 770 shares). On 2026-03-13, a total of 462.132 shares were disposed (withheld) to cover taxes (three withholdings: 259.568; 104.066; 98.498), with an aggregate withheld value of about $34,401. These were compensation-related awards/derivative credits and tax-withholdings, not open-market sales.

Key Details

• Transaction dates: awards credited 2026-03-05 and 2026-03-12; tax-withholdings executed 2026-03-13. Form 4 filed 2026-03-16.
• Awarded shares/prices: 630.325 @ $74.44 ($46,921); 8.213 @ $75.46 ($620); 31.81 @ $0.00; 770 @ $0.00.
• Withheld for taxes (F-coded disposals): 259.568, 104.066, 98.4976 shares @ ~$74.44 (total ≈ $34,401). Footnotes: F1 = updated 401(k); F2 = partial-share adjustment; F3 = derivative units credited on 03/05/2026 at fair market value; F4–F6 = shares withheld to satisfy tax liability.
• Shares owned after transaction: not stated in the supplied filing excerpt.
• Filing timeliness: Form filed 2026-03-16 covering transactions through 2026-03-13; the filing itself does not show a late‑filing flag in the excerpt provided.

Context
These transactions appear to be compensation-related (awards/derivative units credited) with subsequent withholding of shares to cover taxes — a routine, cashless tax-withholding treatment rather than a discretionary sale. For retail investors, such award vesting is common and doesn’t necessarily signal insider buying or selling intent; purchases (open-market buys) usually carry more direct interpretive weight.