Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers



On March 26, 2021, the Compensation Committee of the Board of Directors approved
the 2021 Short-Term Incentive Program (the "Bonus Program") for the executive
officers (the "Executive Officers") of American States Water Company (NYSE:AWR).
Under the terms of the Bonus Program, each of the Executive Officers is eligible
to earn an objective cash bonus and a discretionary cash bonus for the 2021
calendar year.

The target aggregate bonus for Robert J. Sprowls, President and Chief Executive
Officer of American States Water Company, Eva G. Tang, Senior Vice President -
Finance, Chief Financial Officer, Corporate Secretary and Treasurer of American
States Water Company, Denise L. Kruger, Senior Vice President - Regulated Water
Utility of Golden State Water Company, and Bryan K. Switzer, Vice President -
Regulatory Affairs of Golden State Water Company is 100%, 34.7%, 34.7% and
28.9%, respectively, of his or her base salary for 2021. The objective bonus is
80% of the target aggregate bonus for each of these Executive Officers and will
become payable based upon each Executive Officer's attainment of specific
performance targets set forth in the Bonus Program. The discretionary bonus is
20% of the target aggregate bonus for each of these Executive Officers and is
payable based on the Company's subjective assessment of the Executive Officer's
performance in the areas of our business over which he or she has
responsibility.

A copy of the 2021 Short-Term Incentive Program and the Form of 2021 Short-Term Incentive Program Award Agreement are attached as Exhibits 10.1 and 10.2, respectively.




Item 9.01.  Financial Statements and Exhibits
The following documents are filed as an Exhibit to this report:
Exhibit No.              Description
Exhibit 10.1               2    021 Short-Term Inc    entive P    rogram  *

Exhibit 10.2               Form of Award Agreement for 2021 Short-Term Incentive Program  *

Exhibit 104              Cover Page Interactive Data File - the cover page

XBRL tags are embedded within the


                         Inline XBRL document

* Management contract or compensatory arrangement

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