James P. Lynch - Jan 3, 2022 Form 4 Insider Report for SJW GROUP (SJW)

Role
CFO/Treasurer
Signature
/s/ Willie Brown Attorney-in-Fact for James P. Lynch
Stock symbol
SJW
Transactions as of
Jan 3, 2022
Transactions value $
-$36,162
Form type
4
Date filed
1/5/2022, 01:46 PM
Previous filing
Aug 17, 2021
Next filing
Jan 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJW Common Stock Award $0 +1.93K +7.59% $0.00 27.3K Jan 3, 2022 Direct F1, F2
transaction SJW Common Stock Tax liability -$36.2K -497 -1.82% $72.76 26.8K Jan 3, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 1,927 shares of the common stock underlying restricted stock units ("RSUs") granted to the reporting person under the issuer's Long-Term Incentive Plan. Each RSU entitles the reporting person to receive one share of common stock upon vesting of the RSU. The RSUs will vest in three annual successive installments upon the completion of the reporting person's each year of service with the issuer for the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances.
F2 Represents 6,781 shares of the issuer's common stock, 12,068 shares of common stock held by Mr. Lynch and his spouse in joint tenancy, 2,500 shares of the issuer's common stock held under a Roth IRA account, and 5,956 shares of the issuer's common stock underling restricted stock units that will vest and become issuable in accordance with their terms.
F3 Represents 497 shares of common stock withheld of the issuer in satisfaction of the applicable withholding taxes on certain shares of common stock that became issuable on January 3, 2022 pursuant to the terms of the January 2, 2019 and January 2, 2020 Restricted Stock Unit Issuance Agreements between the reporting person and the issuer. The issuable shares were previously reported as Table I securities at the time the restricted stock units were granted, and accordingly the issuance of those shares is not a reportable transaction on this Form 4.
F4 Represents 7,500 shares of the issuer's common stock, 12,068 shares of common stock held by Mr. Lynch and his spouse in joint tenancy, 2,500 shares of the issuer's common stock held under a Roth IRA account, and 4,740 shares of the issuer's common stock underling restricted stock units that will vest and become issuable in accordance with their terms.