Eric W. Thornburg - 23 Feb 2023 Form 4 Insider Report for SJW GROUP (HTO)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJW	Common Stock	Other	$16,647	+253	+0.58%	$65.80	43,727	31 Jan 2023	Direct	F1, F2
transaction	SJW	Common Stock	Award	$0	+7,716	+18%	$0.000000	51,443	23 Feb 2023	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Shares acquired in a transaction exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, under the SJW Group 2014 Employee Stock Purchase Plan.
F2	Represents 30,413 shares of the issuer's common stock and 13,314 shares of the issuer's common stock underlying restricted stock units which will vest and become issuable in accordance with their terms.
F3	Represents (i) 2,677 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) 5,039 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.
F4	Represents 30,413 shares of the issuer's common stock and 21,030 shares of the issuer's common stock underlying restricted stock units which will vest and become issuable in accordance with their terms.