WALLACE CAROL P 4

What Happened
Carol P. Wallace, a director of H2O AMERICA (HTO), was granted 1,947 restricted stock units (RSUs) on 2026-05-13. The grant is reported as an acquisition at $0.00 per unit (standard for equity awards); the RSUs convert to one share of common stock each when they vest. This is an award/grant (not an open-market purchase or sale) and is typically part of director compensation.

Key Details

• Transaction date: 2026-05-13; filing date (accession): 2026-05-15 — appears timely (Form 4 filed within normal reporting window).
• Grant reported as: 1,947 RSUs @ $0.00 (code A — award/grant).
• Shares/ownership after the transaction: 9,291 shares of common stock owned plus 1,947 RSUs outstanding, for a total of 11,238 shares/units (9,291 shares + 1,947 underlying RSUs) per filing footnote.
• Vesting: RSUs vest in full if the director continues Board service through the day before the issuer’s 2027 annual stockholders meeting; subject to accelerated vesting under certain prescribed circumstances (see footnote).
• Nature of transaction: equity award (compensation), not a market buy/sale — does not necessarily signal a personal investment decision.

Context
RSUs are a common form of director compensation; each unit becomes one share when it vests. Because this is a grant tied to continued board service, the award reflects compensation terms rather than an immediate cash investment or liquidation.