secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN STATES WATER CO (AWR)
CIK:        0001056903
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001628280-24-011486
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American States Water grants RSUs and performance awards to execs; CEO gets 6,425 RSUs, 19,275 target performance units
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056903/000162828024011486/0001628280-24-011486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92116/000162828024011486/awr-20240313.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-011486

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