Andrew F. Walters - Jan 3, 2023 Form 4 Insider Report for SJW GROUP (SJW)

Role
CFO & Treasurer
Signature
/s/ Marisa Joss Attorney-in-Fact for Andrew F. Walters
Stock symbol
SJW
Transactions as of
Jan 3, 2023
Transactions value $
-$29,192
Form type
4
Date filed
1/5/2023, 02:23 PM
Previous filing
Dec 22, 2022
Next filing
Jan 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJW Common Stock Award $0 +1.74K +12.66% $0.00 15.5K Jan 3, 2023 Direct F1, F2
transaction SJW Common Stock Tax liability -$29.2K -355 -2.3% $82.23 15.1K Jan 3, 2023 Direct F3, F4
holding SJW Common Stock 100 Jan 3, 2023 Held by Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 1,737 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 10,561 shares of the issuer's common stock and 4,892 shares of the issuer's common stock underlying RSUs which will vest and become issuable in accordance with their terms.
F3 Represents 355 shares of the issuer's common stock withheld in satisfaction of the applicable withholding taxes on certain shares of common stock that became issuable on January 3, 2023 pursuant to the terms of the January 2, 2020 and January 3, 2022 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 11,168 shares of the issuer's common stock and 3,930 shares of the issuer's common stock underlying RSUs which will vest and become issuable in accordance with their terms.