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AMERICAN STATES WATER COMPANY

AWR · FY2025

MISALIGNED

CEO Package

$5.0M

Pay Ratio

—

Robert J. Sprowls

Pay rose +2.4% while TSR fell -3.4 pts

California Water Service Group

CWT · FY2025

ALIGNED

CEO Package

$4.6M

Pay Ratio

—

Martin A. Kropelnicki

Pay reset -3.8% while TSR improved +8.2 pts

H2O AMERICA

HTO · FY2025

MIXED

CEO Package

$2.9M

Pay Ratio

—

Andrew F. Walters

Awaiting a fuller pay-performance history

CEOTotal Compensation — All Companies

AWR$5.0MCWT$4.6MHTO$2.9M

All values are grant-date fair value as reported in proxy statements.

Key Differences

The fastest way to read this comparison before dropping into the tables.

AWR carries the largest package at $5.0M, about 1.8x HTO.
AWR reads misaligned, while CWT looks aligned.

Pay Component Breakdown

Latest CEO package mix by company. This stays on the CEO package even if the chart above is showing Top 5 pay.

AWR

Robert J. Sprowls

$5.0M

base salary19%
stock awards40%
non-equity incentive compensation18%
other compensation1%

CWT

Martin A. Kropelnicki

$4.6M

base salary23%
stock awards42%
non-equity incentive compensation33%
other compensation1%

HTO

Andrew F. Walters

$2.9M

base salary22%
stock awards59%
non-equity incentive compensation15%
other compensation4%

Quick Comparison

CompanyCEOLatest YearTotal Comp
AMERICAN STATES WATER COMPANY(AWR)Robert J. Sprowls2025$5.0M
California Water Service Group(CWT)Martin A. Kropelnicki2025$4.6M
H2O AMERICA(HTO)Andrew F. Walters2025$2.9M

Note: All compensation values shown are grant-date fair value as reported in proxy statements. Direct comparisons should account for differences in company size, industry, and compensation structure.

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