Form 4: H2O America CFO Sells Shares for Tax Withholding

H2O America's CFO, Ann P. Kelly, reported the sale of 200 common shares on January 2, 2026, to cover tax obligations related to RSU vesting.

Summary

• Ann P. Kelly, CFO and Treasurer of H2O AMERICA (HTO), reported an insider transaction on January 2, 2026.
• The transaction involved the disposition of 200 shares of HTO common stock at a price of $49.25 per share.
• This disposition was coded 'F', indicating shares withheld by the issuer to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs).
• Following this transaction, Ann P. Kelly beneficially owns 8,357 shares of HTO, which includes 1,947 shares of common stock and 6,410 shares underlying RSUs that will vest in accordance with their terms.
• The underlying RSU shares were previously reported at the time of grant, and their issuance is not a separate reportable transaction on this Form 4.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale for tax withholding purposes upon RSU vesting, which is a neutral event and does not indicate a change in management's confidence or company fundamentals.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction related to equity compensation and tax obligations, common across all industries for executives receiving restricted stock units. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or insider sentiment.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by the CFO to cover tax obligations upon the vesting of restricted stock units. Such transactions are common and do not typically reflect a change in the insider's view of the company's prospects or fundamental value. Therefore, this filing alone does not provide new information that would warrant a change in an existing investment thesis, leading to a 'hold' recommendation.

Keywords

H2O America, HTO, Form 4, Insider Transaction, Ann P. Kelly, CFO, Restricted Stock Units, Tax Withholding, Equity Compensation