Andrew F. Walters - Feb 23, 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: Feb 23, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/27/2023, 12:53 PM
Previous filing: Jan 30, 2023
Next filing: Mar 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJW	Common Stock	Award	$0	+1.37K	+9.21%	$0.00	16.3K	Feb 23, 2023	Direct	F1, F2
holding	SJW	Common Stock						100	Feb 23, 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 (i) 568 shares of common stock subject to the 2020 Restricted Stock Units ("RSU") that vested upon the attainment of a certain performance goal based on average return on equity ("ROE") measured over the 2020, 2021, and 2022 calendar years and continued service by the reporting person through December 31, 2022 and (ii) 803 shares of common stock subject to the 2020 RSUs that vested upon the attainment of a certain performance goal based on relative total shareholder return ("TSR") measured over the period including the 2020, 2021, and 2022 calendar years and continued service by the reporting person through December 31, 2022.
F2	Represents 11,545 shares of the issuer's common stock and 4,709 shares of the issuer's common stock underlying RSUs that will vest and become issuable in accordance with their terms.

Content

Represents (i) 568 shares of common stock subject to the 2020 Restricted Stock Units ("RSU") that vested upon the attainment of a certain performance goal based on average return on equity ("ROE") measured over the 2020, 2021, and 2022 calendar years and continued service by the reporting person through December 31, 2022 and (ii) 803 shares of common stock subject to the 2020 RSUs that vested upon the attainment of a certain performance goal based on relative total shareholder return ("TSR") measured over the period including the 2020, 2021, and 2022 calendar years and continued service by the reporting person through December 31, 2022.

Represents 11,545 shares of the issuer's common stock and 4,709 shares of the issuer's common stock underlying RSUs that will vest and become issuable in accordance with their terms.