AWR adopts 2024 Short-Term Incentive Program; CEO target bonus 100% of base salary

AMERICAN STATES WATER CO

Compensation Committee approved 2024 STIP for CEO Robert Sprowls (100%), CFO Eva Tang (38.2%), and other executives.
Bonus composed of 80% objective (based on performance targets) and 20% discretionary component.
Performance metrics include Adjusted EPS (consolidated, regulated utilities, ASUS), capital expenditures, customer complaints, and safety.
Exhibits 10.1 and 10.2 filed with detailed program terms and award agreement form.
Program covers 2024 calendar year; payouts subject to recoupment policy and SOX compliance.

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