Form 4: American States Water Co. Director Roger M. Ervin Reports Transactions in Company Stock

Director Roger M. Ervin reports acquiring and disposing of American States Water Co. common shares, including dividend reinvestments and adjustments for partial shares.

Summary

• Roger M. Ervin, a director of American States Water Co., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On September 1, 2023, Ervin acquired 2.2923 common shares through dividend reinvestment at a price of $84.07 per share.
• On September 3, 2024, Ervin acquired 2.9582 common shares through dividend reinvestment at a price of $81.25 per share.
• On May 20, 2025, Ervin disposed of 0.2871 shares due to a partial share adjustment at $0.
• Also on May 20, 2025, Ervin acquired 560.9574 shares at $80.22 per share.
• Following these transactions, Ervin directly owns 1,529.9574 common shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine, involving dividend reinvestments and a small adjustment. There's no indication of significant concern or excitement.

Positives

• The director's continued investment through dividend reinvestments signals confidence in the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's sentiment towards the company's prospects. These filings are closely watched by investors seeking insights into the actions of those with the most intimate knowledge of the company.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis.
• Comparing the trading patterns of American States Water Co.'s insiders with those of peers like California Water Service Group (CWT) or Aqua America (WTRG) can provide a broader perspective.
• Consistent buying activity by insiders, especially at market prices, is generally viewed positively, while significant selling may raise concerns.

Stakeholder Impact

• The reported transactions provide shareholders with insight into the director's investment activities.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

Form 4, beneficial ownership, director, AWR, American States Water Co., Ervin, stock transactions, dividend reinvestment