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H2O AMERICA

HTO · FY2025

MIXED

CEO Package

$3.1M

Pay Ratio

—

Eric W. Thornburg

Awaiting a fuller pay-performance history

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

MISALIGNED

CEO Package

$6.9M

Pay Ratio

—

Martin A. Kropelnicki

Pay outran TSR by +34.9 pts

CEOTotal Compensation — All Companies

HTO$3.1MAWR$5.0MCWT$6.9M

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.

CWT carries the largest package at $6.9M, about 2.2x HTO.
AWR reads misaligned, while HTO looks mixed.

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.

HTO

Eric W. Thornburg

$3.1M

base salary15%
stock awards58%
other compensation0%

AWR

Robert J. Sprowls

$5.0M

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

CWT

Martin A. Kropelnicki

$6.9M

base salary16%
stock awards28%
non-equity incentive compensation22%
other compensation1%

Quick Comparison

CompanyCEOLatest YearTotal Comp
H2O AMERICA(HTO)Eric W. Thornburg2025$3.1M
AMERICAN STATES WATER COMPANY(AWR)Robert J. Sprowls2025$5.0M
California Water Service Group(CWT)Martin A. Kropelnicki2025$6.9M

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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