Form 4: American States Water Co: CEO Robert Sprowls Reports Changes in Beneficial Ownership
SEC Form 4
CEO Robert Sprowls reports transactions involving American States Water Co. common shares, including acquisitions, disposals, and adjustments related to DRIP and tax liabilities.
Summary
- Robert Sprowls, the President & CEO of American States Water Co., filed a Form 4 detailing changes in his beneficial ownership of the company's common shares.
- The reported transactions include the acquisition of shares through dividend reinvestment program (DRIP) updates on multiple dates: June 4, 2024, September 4, 2024, and December 3, 2024.
- Shares were also credited as deferred units at fair market value (FMV) on June 3, 2024, September 3, 2024, and December 2, 2024.
- On February 7, 2025, there was an adjustment due to partial shares, and shares were withheld to satisfy tax liabilities related to the 401k.
- Following these transactions, Sprowls directly owns 184,582.36 common shares and indirectly owns 515.6 shares through a 401k.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment. It simply reports transactions without expressing any positive or negative outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's transactions in company stock.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Deferred units credited at FMV of $73.07 |
| 06/04/2024 | Updated DRIP |
| 09/03/2024 | Deferred units credited at FMV of $81.25 |
| 09/04/2024 | Updated DRIP |
| 12/02/2024 | Deferred units credited at FMV of $85.77 |
| 12/03/2024 | Updated DRIP |
| 02/07/2025 | Adjustment due to partial shares |
| 02/07/2025 | Shares withheld to satisfy tax liability |
| 02/11/2025 | Date of Form 4 signature |
Keywords
beneficial ownership, Form 4, Robert Sprowls, American States Water Co, AWR, DRIP, CEO, common shares
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