Andrew F. Walters - Jan 3, 2022 Form 4 Insider Report for SJW GROUP (SJW)

Role
Chief Corp Development Officer
Signature
/s/ Willie Brown Attorney-in-Fact for Andrew F. Walters
Stock symbol
SJW
Transactions as of
Jan 3, 2022
Transactions value $
-$25,684
Form type
4
Date filed
1/5/2022, 02:34 PM
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 +1.38K +11.48% $0.00 13.4K Jan 3, 2022 Direct F1, F2
transaction SJW Common Stock Tax liability -$25.7K -353 -2.64% $72.76 13K Jan 3, 2022 Direct F3, F4
holding SJW Common Stock 100 Jan 3, 2022 Held by Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 1,379 shares of the issuer's common stock underlying restricted stock units ("RSUs") granted to the reporting person under the issuer's Long-Term Incentive Plan. Each RSU will entitle the reporting person to receive one share of the issuer's common stock when that unit vests. The units will vest in three successive annual installments upon the reporting person's completion of each year of service with the issuer over the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances.
F2 Represents 9,044 shares of the issuer's common stock and 4,345 shares of the issuer's common stock underlying RSUs which will vest and become issuable in accordance with their terms.
F3 Represents 353 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 9,645 shares of the issuer's common stock and 3,391 shares of the issuer's common stock underlying RSUs which will vest and become issuable in accordance with their terms.