Kristen A. Johnson - Dec 1, 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: Dec 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/5/2023, 05:06 PM
Previous filing: Sep 5, 2023
Next filing: Jan 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJW	Common Stock	Award	$0	+95	+0.43%	$0.00	22.3K	Dec 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 95 shares subject to deferred stock units ("DSUs") granted to the Reporting Person pursuant to Dividend Equivalent Rights ("DERs") accrued on outstanding DSUs granted by Connecticut Water Service, Inc., a wholly owned subsidiary of the Issuer. DERs 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) 2,821 shares of the issuer's common stock, (ii) 2,711 shares subject to restricted stock units ("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 stock upon settlement.

Content

Represents 95 shares subject to deferred stock units ("DSUs") granted to the Reporting Person pursuant to Dividend Equivalent Rights ("DERs") accrued on outstanding DSUs granted by Connecticut Water Service, Inc., a wholly owned subsidiary of the Issuer. DERs 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) 2,821 shares of the issuer's common stock, (ii) 2,711 shares subject to restricted stock units ("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 stock upon settlement.