Form 4: H2O America VP Reports Routine Share Withholding for Tax

H2O America's VP & General Counsel, Willie D. Brown Jr., reported routine share withholdings for tax obligations related to restricted stock unit vesting.

Summary

• Willie D. Brown Jr., VP & General Counsel of H2O AMERICA (HTO), reported two transactions involving the withholding of common stock.
• On January 2, 2026, 565 shares of common stock were withheld at a price of $49.25 per share to satisfy applicable withholding taxes upon the vesting of certain restricted stock units (RSUs).
• On January 3, 2026, an additional 178 shares of common stock were withheld at a price of $49.86 per share for tax purposes, also due to the vesting of RSUs.
• These shares were previously reported as Table I securities at the time the RSUs were granted, and their issuance is not a new reportable transaction.
• Following these transactions, Brown beneficially owns 11,428 shares of common stock directly.
• This beneficial ownership includes 9,263 shares of common stock and 2,165 shares underlying RSUs which are yet to vest and become issuable.

Sentiment

Score: 5

Explanation: The filing reports routine share withholdings for tax purposes related to RSU vesting, which is a standard and expected part of executive compensation and does not indicate a change in company fundamentals or insider sentiment.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transactions stem from Restricted Stock Unit Issuance Agreements between Willie D. Brown Jr. and H2O AMERICA dated January 2, 2024, January 2, 2025, and January 3, 2023.

Stakeholder Impact

• Minimal impact on shareholders as these are routine tax-related transactions for executive compensation and do not reflect a change in company operations or strategy.

Next Steps

• Remaining 2,165 shares underlying Restricted Stock Units will vest and become issuable in accordance with their terms.

Key Dates

Recommendation

The Form 4 filing details routine share withholdings for tax purposes related to the vesting of restricted stock units for an executive. These transactions are standard practice and do not reflect any change in the company's operational performance, strategic direction, or the executive's confidence in the company. Therefore, it provides no new information that would warrant a change in investment recommendation.

Keywords

H2O America, HTO, Form 4, insider transaction, share withholding, restricted stock units, RSU, Willie D. Brown Jr., executive compensation