Walters Andrew F 4

What Happened
Andrew F. Walters, CEO of H2O AMERICA (HTO), had 374 shares of common stock withheld by the company to satisfy withholding taxes upon the vesting of restricted stock units (RSUs). The withheld shares are reported as a disposition to the issuer at $60.74 per share, for a total value of approximately $22,717. This was a tax-withholding event tied to RSU vesting, not an open-market sale.

Key Details

• Transaction date: July 1, 2026; Report filed: July 6, 2026 (appears outside the typical two-business-day Form 4 window, so likely a late filing).
• Price: $60.74 per share; Shares withheld/disposed: 374; Total value: ~$22,717.
• Shares owned after transaction: 15,235 shares of common stock and 11,226 shares of Common Stock underlying RSUs that will vest in accordance with their terms (per footnote).
• Footnote F1: the 374 shares were withheld to satisfy applicable withholding taxes on RSUs that vested 7/1/2026; the RSUs themselves were previously reported when granted, so the issuance is not a reportable transaction on this Form 4.
• Footnote F2: confirms the reporting person’s current holdings include 15,235 shares and 11,226 RSUs pending vesting.
• Transaction type: disposition-to-issuer for tax withholding (transaction code F).

Context
This transaction reflects routine tax withholding when RSUs vest and does not indicate an active decision to liquidate shares in the market. For investors, withholding events are administrative and do not by themselves signal insider sentiment about the company.