DAVIS STEVEN D 4

What Happened
Steven D. Davis, a director of American States Water (AWR), received equity awards. The filing reports a 526.87-share grant on 2026-05-19 at $75.92 per share (value ≈ $40,000). The filing also shows an earlier award of 3.418 shares on 2025-09-03 at $73.52 per share (value ≈ $251) and a small 0.334-share disposition to the issuer (reported at $0), which appears to be an adjustment for fractional shares.

Key Details

• Primary transaction: 526.87 shares acquired (A) on 2026-05-19 at $75.92 per share — total ≈ $40,000.
• Earlier entry: 3.418 shares acquired (A) on 2025-09-03 at $73.52 per share — total ≈ $251.
• Small disposition: 0.334 shares disposed to issuer (D) on 2026-02-14 at $0.00 — footnote indicates an adjustment for partial shares.
• Footnotes: F1 = "Der units credited on 09/03/2025 at FMV"; F2 = "Adjustment due to partial shares."
• Transaction codes: A = Award/Grant; D = Disposition to issuer.
• Shares owned after the transactions are not specified in the provided summary.
• Filing date: 2026-05-19 (period of report 2026-05-19) — appears timely.

Context
These transactions are awards/crediting of derivative/share units, common for non-employee directors as part of compensation; they are acquisitions (not open-market purchases). The small 0.334-share disposition likely reflects rounding or fractional-share adjustments and does not indicate a cash sale. As with all insider filings, this is factual disclosure of compensation and holdings, not commentary on the company’s outlook.