American States Water approves 2023 base salaries and performance awards for top executives

AMERICAN STATES WATER CO

CEO Sprowls base salary set at $925,000; CFO Tang at $566,900; Rowley at $432,000; Farrow at $351,100.
Time-vested RSUs granted: Sprowls 4,354 units; Tang, Rowley, Farrow 734, 734, 528 units, vesting over three years.
Performance awards with targets: Sprowls 13,062 PSUs; Tang 733; Rowley 733; Farrow 528, based on 2023-2025 metrics.
Performance criteria include ASUS cumulative net earnings, new base acquisition success, GSWC operating expense level, and TSR vs peer group.
Awards vest in thirds on Dec 31, 2023, 2024, 2025, with early vesting on death, disability, retirement or change in control.

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