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

Role
President & CEO, Director
Signature
/s/ Marisa Joss Attorney-in-Fact for Eric W. Thornburg
Stock symbol
SJW
Transactions as of
Feb 23, 2023
Transactions value $
$16,647
Form type
4
Date filed
2/27/2023, 01:19 PM
Previous filing
Jan 6, 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 Other $16.6K +253 +0.58% $65.80 43.7K Jan 31, 2023 Direct F1, F2
transaction SJW Common Stock Award $0 +7.72K +17.65% $0.00 51.4K Feb 23, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.