AWR AMERICAN STATES WATER CO

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2016: $21M, Q2 2016: $28M, Q1 2016: $14M, Q3 2015: $7M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $21M vs trailing avg $16M (+32%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Missing buyback or cash flow data

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 2,262,789 shares = 5.9% of 38,151,027 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

12 open-market purchases by 4 insiders

• Eichelberger Thomas A. () bought 897 shares at $76.81 on 2025-06-06
• Rowley Paul J (SVP OF OPERATIONS) bought 81 shares at $73.53 on 2025-02-07
• Rowley Paul J (SVP OF OPERATIONS) bought 79 shares at $73.53 on 2025-02-07
• Hopkins Mary Ann () bought 560 shares at $71.53 on 2024-05-30
• Eichelberger Thomas A. () bought 640 shares at $77.62 on 2024-05-22
• DAVIS STEVEN D () bought 750 shares at $71.39 on 2024-03-05
• Eichelberger Thomas A. () bought 1,400 shares at $71.21 on 2024-02-28
• DAVIS STEVEN D () bought 900 shares at $77.90 on 2023-11-10
• DAVIS STEVEN D () bought 100 shares at $77.89 on 2023-11-10
• Eichelberger Thomas A. () bought 1,000 shares at $77.94 on 2023-11-09

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $1M, sold $4M (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 5.4x more than bought. 1 C-suite officers among sellers

• TANG EVA G (Sr. Vice President & CFO) sold 500 shares on 2021-08-31