Kristen A. Johnson - Feb 23, 2023 Form 4 Insider Report for SJW GROUP (SJW)

Role: Chief Administrative Officer
Signature: /s/ Marisa Joss, Attorney-in-Fact for Kristen A. Johnson
Stock symbol: SJW
Transactions as of: Feb 23, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/27/2023, 01:26 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	Award	$0	+1.37K	+6.52%	$0.00	22.4K	Feb 23, 2023	Direct	F1, F2

* 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 (i) 1,879 shares of the issuer's common stock, (ii) 4,082 shares subject to RSUs that will vest over a period of service and be settled in accordance with the terms of the awards subject to accelerated vesting under certain prescribed circumstances, and (iii) 16,447 shares subject to DSUs that are vested and will be settled in accordance with an election previously made by the reporting person. Each RSU and DSU will entitle the reporting person to one share of common stock upon settlement.

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 (i) 1,879 shares of the issuer's common stock, (ii) 4,082 shares subject to RSUs that will vest over a period of service and be settled in accordance with the terms of the awards subject to accelerated vesting under certain prescribed circumstances, and (iii) 16,447 shares subject to DSUs that are vested and will be settled in accordance with an election previously made by the reporting person. Each RSU and DSU will entitle the reporting person to one share of common stock upon settlement.