Eichelberger Thomas A. 4

What Happened

• Thomas A. Eichelberger, a director of American States Water (AWR), received director awards (code A) on May 19, 2026: 526.87 shares at $75.92 per share, valued at $40,000. Earlier items on the Form 4 include a 3.418-share award on Sept 3, 2025 (FMV $73.52, $251) and a small disposition to the issuer of 0.334 shares on Feb 14, 2026 (reported at $0.00). These transactions are awards/credits (compensation), not open-market buys.

Key Details

• Transactions reported:
  • 2025-09-03: Award of 3.418 shares @ $73.52 (value $251). (Footnote F1: derivative units credited on 09/03/2025 at fair market value.)
  • 2026-02-14: Disposition to issuer of 0.334 shares @ $0.00 (adjustment; Footnote F2: partial-share adjustment).
  • 2026-05-19: Award of 526.87 shares @ $75.92 (value $40,000).
• Net change across these entries: ~+529.95 shares awarded (3.418 + 526.87 − 0.334).
• Shares owned after the transactions: Not specified in this filing.
• Filing: Form 4 filed with accession 0001056903-26-000054 on 2026-05-19; no late filing is indicated on the face of this report.
• Footnotes: F1 = derivative units credited at FMV on 09/03/2025; F2 = adjustment due to partial shares.

Context

• These entries reflect director compensation (awarded/credited units), which is routine for board service and differs from an open-market purchase that might signal a director’s personal investment. The small disposition appears to be an administrative/partial-share adjustment rather than a market sale.