On March 26, 2026, American States Water Company (NYSE: AWR) announced the approval of its 2026 Short-Term Incentive Program (Bonus Program) by the Compensation Committee of its Board of Directors. This program is designed to motivate and reward the executive officers of the company based on their performance in achieving specific financial and operational targets. Each executive is eligible for both an objective cash bonus and a discretionary cash bonus, with the total target bonuses varying by position. For instance, the target aggregate bonus for Robert J. Sprowls, the President and CEO, is set at 100% of his base salary, while other executives have targets ranging from 34.2% to 48.5% of their base salaries. The objective bonus constitutes 80% of the target aggregate bonus and is contingent upon meeting defined performance targets, while the discretionary bonus accounts for the remaining 20% and is based on subjective assessments of performance. The program aims to align the interests of the executives with those of the shareholders by linking compensation to the company's performance metrics. The details of the program, including the specific performance targets and payout percentages, are outlined in the attached exhibits to the filing.

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