Andrew F. Walters - Feb 23, 2022 Form 4 Insider Report for SJW GROUP (SJW)

Role: CFO & Treasurer
Signature: /s/ Willie Brown Attorney-in-Fact for Andrew F. Walters
Stock symbol: SJW
Transactions as of: Feb 23, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/25/2022, 11:41 AM
Previous filing: Jan 28, 2022
Next filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJW	Common Stock	Award	$0	+1.37K	+10.47%	$0.00	14.5K	Feb 23, 2022	Direct	F1, F2
holding	SJW	Common Stock						100	Feb 23, 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 (i) 944 shares of common stock subject to the 2019 Restricted Stock Units ("RSU") that vested upon the attainment of a certain performance goal based on average return on equity ("ROE") measured over the 2019, 2020, and 2021 calendar years and continued service by the reporting person through December 31, 2021 and (ii) 429 shares of common stock subject to the 2019 RSUs that vested upon the attainment of a certain performance goal based on relative total shareholder return ("TSR") measured over the period including the 2019, 2020, and 2021 calendar years and continued service by the reporting person through December 31, 2021.
F2	Represents 9,962 shares of the issuer's common stock and 4,528 shares of the issuer's common stock underlying RSUs that will vest and become issuable in accordance with their terms.

Content

Represents (i) 944 shares of common stock subject to the 2019 Restricted Stock Units ("RSU") that vested upon the attainment of a certain performance goal based on average return on equity ("ROE") measured over the 2019, 2020, and 2021 calendar years and continued service by the reporting person through December 31, 2021 and (ii) 429 shares of common stock subject to the 2019 RSUs that vested upon the attainment of a certain performance goal based on relative total shareholder return ("TSR") measured over the period including the 2019, 2020, and 2021 calendar years and continued service by the reporting person through December 31, 2021.

Represents 9,962 shares of the issuer's common stock and 4,528 shares of the issuer's common stock underlying RSUs that will vest and become issuable in accordance with their terms.