American States Water approves 2023 executive bonus plan; CEO target 100% of base

AMERICAN STATES WATER CO

CEO Robert J. Sprowls target aggregate bonus 100% of 2023 base salary; CFO Eva G. Tang 37.1%.
Objective bonus (80% of target) tied to adjusted EPS, capex, safety, customer complaints; 20% discretionary based on subjective review.
Performance metrics include AWR consolidated, regulated utilities, and ASUS adjusted EPS vs. operating budget.
Bonuses subject to recoupment under company's clawback policy; forfeiture if employment ends before payment.
Plan covers 2023 calendar year; payments by Dec 31, 2024; approved by Compensation Committee on Mar 28, 2023.

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