Form 4: SVP Connor Boosts American States Water Stake

Christopher H. Connor, SVP of ASUS at American States Water Co., increased his direct beneficial ownership of common shares through a series of acquisitions and tax-related disposals in March 2026.

Summary

• Christopher H. Connor, Senior Vice President of ASUS at American States Water Co. (AWR), reported multiple transactions involving the company's common shares.
• On March 5, 2026, 11.9265 derivative units were credited at a fair market value of $75.46, increasing beneficial ownership.
• On March 12, 2026, Connor acquired 1,124 common shares at $0 and an additional 1,664.7044 common shares at $74.44.
• On March 13, 2026, a total of 635.8423 shares (424.1398, 108.5382, and 103.1643 shares) were withheld to satisfy tax liabilities, each at a price of $74.44.
• Following these transactions, Connor's direct beneficial ownership increased from 3,938.6607 shares to 6,103.4493 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a senior executive has increased their direct beneficial ownership in the company, indicating confidence, despite some shares being withheld for tax purposes.

Positives

• Christopher H. Connor, SVP of ASUS, increased his direct beneficial ownership of American States Water Co. common shares by a net of 2,164.7886 shares.
• Acquisitions included 11.9265 derivative units credited at $75.46, 1,124 common shares at $0, and 1,664.7044 common shares at $74.44.
• The overall increase in ownership signals management's confidence in the company's future prospects.

Negatives

• A total of 635.8423 common shares were disposed of on March 13, 2026, to satisfy tax liabilities, reducing the immediate beneficial ownership.
• An adjustment on March 5, 2026, resulted in a disposal of 3.25 common shares.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly net acquisitions by senior executives, can be interpreted by the market as a positive signal, suggesting management's belief in the company's intrinsic value and future performance, which is common across various industries, including utilities.

Stakeholder Impact

• Shareholders: The net increase in insider ownership may be perceived positively, potentially boosting investor confidence in the company's future performance.

Key Dates

Recommendation

The net increase in beneficial ownership by a Senior Vice President, Christopher H. Connor, suggests strong insider confidence in American States Water Co.'s future prospects. While some shares were disposed of for tax liabilities, the overall trend is an accumulation of shares, which is typically a bullish signal for investors.

Keywords

American States Water Co, AWR, Insider Trading, Form 4, Christopher H. Connor, SVP, Share Acquisition, Share Disposal, Beneficial Ownership, Executive Compensation, Water Utility