secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN STATES WATER CO (AWR)
CIK:        0001056903
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001628280-23-003176
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056903/000162828023003176/0001628280-23-003176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92116/000162828023003176/awr-20230207.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-003176

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer