Robert J. Sprowls is the President and CEO of American States Water Company and Golden State Water Company. He took on this role in 2009, following a solid career at the company where he served as CFO and SVP of...

Number of Employees

815

Year

2023

Total Compensation

$2.77M

Salary

$924.52K

Board Justification

The compensation philosophy aligns executive pay with performance metrics, including total shareholder return and operational efficiency, while also considering market benchmarks for retention and competitiveness.

Bonus

$300.00K

Board Justification

Discretionary bonus based on individual performance assessment by the compensation committee, amounting to 32.4% of base pay.

Other

$29.52K

Board Justification

Includes retirement plan matching contributions, insurance premiums, personal use of company car, and other minor compensations.

Restricted Stock

$1.51M(28.61K RSU)

Board Justification

Restricted stock units that vested in 2023, with a total value of $1,514,152 based on the market price at the time of vesting.

Performance Metrics

Performance metrics include total shareholder return, aggregate GSWC operating expense levels, ASUS cumulative net earnings, and new base acquisition success rate.

SEC Filing

From April 5, 2024