Johnson A Kristen 4

What Happened

• Kristen A. Johnson, Chief Administrative Officer of H2O America (HTO), reported a grant/award (derivative) on 2026-06-02. The Form 4 shows a derivative award (code A) with no immediate issuance of common shares (0 shares reported as acquired). Footnotes indicate she currently holds 9,040 common shares and was awarded 5,525 restricted stock units (RSUs) that will vest per their terms, plus 139 shares’ worth of deferred stock units (DSUs) arising from dividend equivalent rights (DERs). No per-share price or total dollar value was reported.

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-03 (filed promptly).
• Reported transaction type: Award/Grant of derivative interests (RSUs/DSUs) — Form shows 0 shares immediately issued.
• Holdings after transaction (per footnotes): 9,040 common shares; 5,525 RSUs pending vesting; 139 DSUs (from DERs) that will vest/settle per original DSU terms.
• Footnote summaries:
  • F1: 9,040 shares held plus 5,525 RSUs that will vest per plan terms.
  • F2: 139 shares represent DSUs from dividend-equivalent credits related to DSUs granted by Connecticut Water Service, Inc., a subsidiary; these DERs vest/settle with the underlying DSUs.
• No sale or purchase reported; this is a compensation/award transaction, not an open-market trade.

Context

• RSUs and DSUs are typically compensation that convert into shares only after vesting; they don’t represent immediate liquid stock or a market-facing purchase/sale. DERs track dividends and settle according to the underlying DSU terms.
• Awards are common as part of executive compensation and are not the same signal as an insider buying shares on the open market. This filing appears timely and routine.