Craig J. Patla - Mar 1, 2023 Form 4 Insider Report for SJW GROUP (SJW)

Role: President of CTWS
Signature: /s/ Marisa Joss Attorney-in-Fact for Craig J. Patla
Stock symbol: SJW
Transactions as of: Mar 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/3/2023, 02:34 PM
Previous filing: Mar 2, 2023
Next filing: Mar 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJW	Common Stock	Award	$0	+19	+0.25%	$0.00	7.76K	Mar 1, 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 19 shares subject to deferred stock units ("DSU") granted to the Reporting Person pursuant to dividend equivalent rights accrued on outstanding DSUs granted by Connecticut Water Service, Inc., a wholly owned subsidiary of the Issuer. Dividend equivalent rights accrue when and as dividends are paid on the common stock underlying the awards and will vest and be settled in accordance with the same terms as the DSUs to which they relate.
F2	Represents (i) 1,862 shares of the issuer's common stock, (ii) 2,216 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) 3,685 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 19 shares subject to deferred stock units ("DSU") granted to the Reporting Person pursuant to dividend equivalent rights accrued on outstanding DSUs granted by Connecticut Water Service, Inc., a wholly owned subsidiary of the Issuer. Dividend equivalent rights accrue when and as dividends are paid on the common stock underlying the awards and will vest and be settled in accordance with the same terms as the DSUs to which they relate.

Represents (i) 1,862 shares of the issuer's common stock, (ii) 2,216 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) 3,685 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.