Form 4: American States Water VP Susan Miller Reports Routine Share Transactions
Insider Transaction Report
Susan P. Miller, Vice President of American States Water Co., reported the acquisition of shares through dividend reinvestment and the disposition of shares for tax withholding, a common insider transaction.
Summary
- Susan P. Miller, Vice President of American States Water Co. (AWR), filed a Form 4 detailing changes in her beneficial ownership.
- On June 3, 2025, Ms. Miller acquired 8.2737 common shares at a price of $78.44 per share, credited as Dividend Equivalent Rights (DER) Units.
- On June 5, 2025, 22.9979 common shares were disposed of at $76.7 per share to satisfy tax liability.
- Following these transactions, Ms. Miller directly owns 3,250.6553 common shares of American States Water Co.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reports routine insider transactions (dividend reinvestment and tax withholding) which are common and do not indicate a significant change in company prospects or insider sentiment.
Positives
- Acquisition of 8.2737 common shares through dividend reinvestment (DER Units), indicating continued participation in the company's dividend program.
Negatives
- Disposition of 22.9979 common shares to cover tax obligations, resulting in a net decrease in direct holdings.
Industry Context
This Form 4 filing is a routine disclosure of an insider's share transactions within the utility sector, specifically for a water utility company. Such transactions are common for executives participating in equity compensation plans and dividend reinvestment programs.
Stakeholder Impact
- The reported transactions have minimal direct impact on shareholders, employees, customers, suppliers, or creditors as they represent routine adjustments to an executive's personal shareholdings rather than a strategic corporate action.
Key Dates
| Date | Description |
|---|---|
| 06/03/2025 | Acquisition of 8.2737 common shares as DER Units credited as dividend. |
| 06/05/2025 | Disposition of 22.9979 common shares to satisfy tax liability. |
| 06/06/2025 | Date of filing of the Form 4. |
Keywords
AMERICAN STATES WATER CO, AWR, Susan P. Miller, Form 4, Insider Transaction, Beneficial Ownership, Dividend Reinvestment, Tax Withholding, Utility Sector
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