American States Water Company (AWR) has approved its 2026 Short-Term Incentive Program (STIP) for executive officers. The program aims to motivate executives to maximize financial and customer service performance and to attract low-cost capital. The STIP covers the performance period from January 1, 2026, to December 31, 2026. Executive officers are eligible for an Aggregate Bonus comprising an Objective Bonus (80% of target) and a Discretionary Bonus (20% of target). Objective Bonuses are tied to specific performance targets across various business criteria, while Discretionary Bonuses are based on subjective assessment of individual performance. Target aggregate bonuses range from 34.2% to 100% of base salary for 2026, with CEO Robert J. Sprowls having a 100% target. Key performance measures include Adjusted EPS for various segments, Capital Expenditures, Customer Complaints, Supplier Diversity, Safety Incident Rates, SOX Deficiencies, and operational margins/expense optimization for American States Utility Services, Inc. (ASUS). Bonuses are payable in cash as soon as practicable after December 31, 2026, and the completion of the independent auditor's report, but no later than December 31, 2027. The program includes provisions for adjustments to performance targets under certain circumstances, forfeiture upon termination of employment (with exceptions), and recoupment of bonuses.