Kristen A. Johnson - Jan 2, 2024 Form 4 Insider Report for SJW GROUP (SJW)

Signature
/s/ Marisa Joss, Attorney-in-Fact for Kristen A. Johnson
Stock symbol
SJW
Transactions as of
Jan 2, 2024
Transactions value $
-$22,025
Form type
4
Date filed
1/4/2024, 08:53 PM
Previous filing
Dec 5, 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 +1.76K +7.89% $0.00 24.1K Jan 2, 2024 Direct F1, F2
transaction SJW Common Stock Tax liability -$22K -340 -1.41% $64.78 23.8K 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 1,763 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 units will vest in three successive annual installments upon the reporting person's completion of each year of service with the issuer over the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances.
F2 Represents (i) 2,821 shares of the issuer's common stock, (ii) 4,474 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) 16,807 shares subject to deferred stock units ("DSUs") granted to the Reporting Person pursuant to Dividend Equivalent Rights ("DERs") 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.
F3 Represents 340 shares of common stock withheld of the issuer 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) 3,370 shares of the issuer's common stock, (ii) 3,585 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) 16,807 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