Short answer
AMERICAN STATES WATER CO (AWR) filed an 8-K current report with the SEC on March 13, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Sprowls received largest equity grant: 7,362 time-vested RSUs + 22,088 performance RSUs (target), dwarfing other executives.
AMERICAN STATES WATER CO 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Sprowls received largest equity grant: 7,362 time-vested RSUs + 22,088 performance RSUs (target), dwarfing other executives
- Time-vested RSUs vest ratably over 3 years (33%/33%/34%) on grant anniversaries; performance RSUs vest against Dec 31, 2026/2027/2028 milestones
- Performance metrics vary by role: TSR + GSW operating expense for water ops (Rowley); TSR + ASUS earnings + new base acquisition rate for utility services (Connor)
- Dividend equivalent rights attached to all RSUs: accrue as additional units, aligning executives with shareholder returns throughout vesting period
- Standard retention-focused LTI structure; accelerated vesting on death, disability, or retirement limits forfeiture risk for executives
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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