American States Water approves 2025 executive bonus program tied to performance targets
On March 27, 2025, the Compensation Committee approved a 2025 Short-Term Incentive Program for American States Water's executive officers. Target bonuses are set as a percentage of base salary, with 80% tied to specific performance targets and 20% discretionary.
Key points
- Approved March 27, 2025 by the Compensation Committee of the Board of Directors
- Target aggregate bonus for CEO Robert J. Sprowls is 100% of 2025 base salary; other named officers range from 33.2% to 47.3%
- Objective bonus (80% of target) depends on performance targets; discretionary bonus (20%) depends on company assessment of individual performance
- Program and form of award agreement filed as Exhibits 10.1 and 10.2
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 28, 2025.
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