Form 4: AMERICAN STATES WATER VP Farrow Adjusts Holdings

Gladys Farrow, VP of Finance at American States Water Co., reported several transactions involving common shares, including acquisitions and shares withheld for tax liabilities.

Summary

• Gladys Farrow, VP Fin., Treas., & Asst. Sec. of American States Water Co. (AWR), reported multiple transactions in common shares.
• On March 5, 2026, Farrow disposed of 1.9756 common shares due to an adjustment for partial shares.
• Also on March 5, 2026, Farrow acquired 8.213 common shares at $75.46 per share, credited as derivative units at Fair Market Value.
• On March 12, 2026, Farrow acquired 770 common shares at a price of $0.
• On March 12, 2026, Farrow acquired an additional 715.4458 common shares at $74.44 per share.
• On March 13, 2026, a total of 453.1591 common shares were withheld to satisfy tax liabilities: 294.6205 shares, 81.4483 shares, and 77.0903 shares, each at a price of $74.44.
• Following these reported transactions, Farrow's direct beneficial ownership of common shares increased from 9,901.6072 to 10,942.1069.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a slightly positive filing due to the net increase in beneficial ownership, but primarily reflecting routine insider transactions related to compensation and tax obligations rather than a strong directional signal.

Positives

• Acquisition of 8.213 common shares at $75.46 per share on March 5, 2026.
• Acquisition of 770 common shares at $0 on March 12, 2026, likely a grant or award.
• Acquisition of 715.4458 common shares at $74.44 per share on March 12, 2026.
• A net increase in beneficial ownership of 1,040.5007 common shares, from 9,901.6072 to 10,942.1069, following all reported transactions.

Negatives

• Disposal of 1.9756 common shares on March 5, 2026, due to a partial share adjustment.
• Withholding of 294.6205 common shares at $74.44 on March 13, 2026, to satisfy tax liability.
• Withholding of 81.4483 common shares at $74.44 on March 13, 2026, to satisfy tax liability.
• Withholding of 77.0903 common shares at $74.44 on March 13, 2026, to satisfy tax liability.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings provide transparency into insider trading activities, which can sometimes signal management's confidence or concerns about the company's future prospects, though these specific transactions appear to be routine compensation and tax-related adjustments.

Stakeholder Impact

• Shareholders: Provides transparency into executive share ownership changes, which can offer insights into management's stake in the company.

Key Dates

Recommendation

The filing details routine insider transactions, primarily share acquisitions likely tied to compensation and subsequent tax withholdings. These types of transactions are common and do not typically signal a significant change in the company's fundamental outlook or warrant a strong buy/sell recommendation based solely on this report.

Keywords

AMERICAN STATES WATER CO, AWR, Gladys Farrow, Form 4, Insider Trading, Share Acquisition, Share Disposal, Tax Withholding, Beneficial Ownership