Form 4: AWR VP Miller Boosts Stake, Sells for Tax

American States Water Co. Vice President Susan P. Miller reported multiple transactions, increasing her direct beneficial ownership of common shares.

Summary

• Susan P. Miller, Vice President of American States Water Co. (AWR), reported several transactions in the company's common shares.
• On March 5, 2026, Miller acquired 8.213 common shares at $75.46, attributed to DER units credited, and had an adjustment for 2.014 shares.
• On March 12, 2026, Miller acquired a total of 1,917.5147 common shares, including 770 shares at $0 and 1,147.5147 shares at $74.44.
• On March 13, 2026, a total of 572.6641 common shares were disposed of at $74.44 to satisfy tax liabilities.
• Following these transactions, Miller's direct beneficial ownership stands at 4,561.337 common shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as the Vice President significantly increased her direct beneficial ownership through acquisitions, outweighing the shares sold for tax purposes.

Positives

• Significant acquisition of 1,917.5147 common shares on March 12, 2026, including 770 shares at $0, indicating potential equity awards or grants.
• Net increase in beneficial ownership after all reported transactions, demonstrating continued confidence in the company.
• Acquisition of 8.213 common shares on March 5, 2026, from DER units credited, reflecting ongoing participation in equity compensation plans.

Negatives

• Disposition of 572.6641 common shares on March 13, 2026, solely to satisfy tax liabilities, which is a common practice but reduces direct holdings.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transaction reports like this Form 4 are routine disclosures required by the SEC, providing transparency into executive stock ownership changes. While specific to American States Water Co., such filings are closely watched across all industries for signals of management's confidence or concerns regarding their company's prospects.

Stakeholder Impact

• Shareholders: Increased insider ownership can be interpreted as a positive signal of management's belief in the company's future performance, potentially boosting investor confidence.

Key Dates

Keywords

AMERICAN STATES WATER CO, AWR, Susan P. Miller, Insider Trading, Form 4, Beneficial Ownership, Common Shares, Equity Compensation, Stock Transactions, Vice President