Eric W. Thornburg - Jan 2, 2024 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
Jan 2, 2024
Transactions value $
-$113,883
Form type
4
Date filed
1/4/2024, 08:35 PM
Previous filing
Mar 2, 2023
Next filing
Jan 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJW Common Stock Award $0 +8.44K +17.26% $0.00 57.3K Jan 2, 2024 Direct F1, F2
transaction SJW Common Stock Tax liability -$114K -1.76K -3.07% $64.78 55.6K Jan 3, 2024 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 8,436 shares of the issuer's common stock ("Common Stock") underlying restricted stock units ("RSUs") granted to the reporting person under the issuer's Long-Term Incentive Plan. Each RSU entitles the reporting person to receive one share of Common Stock upon vesting of the RSU. The RSUs will vest in three successive annual installments upon the completion of the reporting person's each year of service with the issuer for the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances.
F2 Represents (i) 35,462 shares of Common Stock; (ii) 102 shares of Common Stock acquired on July 31, 2023 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; and (iii) 21,750 shares of Common Stock underlying RSUs which will vest and become issuable in accordance with their terms.
F3 Represents 1,758 shares of Common Stock withheld in satisfaction of the applicable withholding taxes on certain shares of Common Stock that became issuable on January 3, 2024 pursuant to the terms of the January 3, 2022 and January 3, 2023 Restricted Stock Unit Issuance Agreement between the reporting person and the issuer. The issuable shares were previously reported as Table I securities at the time the restricted stock units were granted, and accordingly the issuance of those shares is not a reportable transaction on this Form 4.
F4 Represents (i) 38,364 shares of Common Stock; and (ii) 17,192 shares of Common Stock underlying RSUs that will vest and become issuable in accordance with their terms.