Kristen A. Johnson - Jan 4, 2024 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: Jan 4, 2024
Transactions value $: -$11,973
Form type: 4
Date filed: 1/8/2024, 04:17 PM
Previous filing: Jan 4, 2024
Next filing: Mar 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJW	Common Stock	Tax liability	-$12K	-186	-0.78%	$64.37	23.6K	Jan 4, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 186 shares of common stock ("Common Stock") withheld of the issuer in satisfaction of the applicable withholding taxes on certain shares of Common Stock that became issuable on January 4, 2024 pursuant to the terms of the January 4, 2021 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.
F2	Represents (i) 3,687 shares of the issuer's Common Stock, (ii) 3,082 shares subject to RSUs that will vest in three successive annual installments upon the completion of each year of the reporting person's service with the issuer for the three-year period measured from the date of grant, 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 186 shares of common stock ("Common Stock") withheld of the issuer in satisfaction of the applicable withholding taxes on certain shares of Common Stock that became issuable on January 4, 2024 pursuant to the terms of the January 4, 2021 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.

Represents (i) 3,687 shares of the issuer's Common Stock, (ii) 3,082 shares subject to RSUs that will vest in three successive annual installments upon the completion of each year of the reporting person's service with the issuer for the three-year period measured from the date of grant, 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.