other
confidence high
sentiment neutral
materiality 0.30
American States Water grants RSUs and performance awards to execs; CEO gets 6,425 RSUs, 19,275 target performance units
AMERICAN STATES WATER CO
- CEO Sprowls receives 6,425 time-vested RSUs vesting 33/33/34% on 1st/2nd/3rd anniversaries plus performance award target of 19,275 units.
- Other executives (Tang, Rowley, Connor, Farrow) receive RSUs from 729 to 1,056; performance award targets from 1,014 to 1,056.
- Performance awards vest based on Total Shareholder Return vs. peer group, GSWC operating expense level, ASUS cumulative net earnings, and ASUS new base acquisition success rate.
- Dividends on RSUs and earned performance awards paid in additional RSUs; performance period is Jan 1, 2024 - Dec 31, 2026.