Eric W. Thornburg - Feb 29, 2024 Form 4 Insider Report for SJW GROUP (SJW)

Signature
/s/ Marisa Joss Attorney-in-Fact for Eric W. Thornburg
Stock symbol
SJW
Transactions as of
Feb 29, 2024
Transactions value $
-$373,968
Form type
4
Date filed
3/4/2024, 04:10 PM
Previous 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 +13.4K +24.44% $0.00 68.2K Feb 29, 2024 Direct F1
transaction SJW Common Stock Tax liability -$374K -6.79K -9.9% $55.06 61.8K Feb 29, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents (i) 4,616 shares of Common Stock subject to the 2021 Restricted Stock Units ("RSU") that vested upon the attainment of a certain performance goal based on average return on equity ("ROE") measured over the 2021 calendar year and continued service by the reporting person through December 31, 2023 and (ii) 8,787 shares of Common Stock subject to 2021 RSUs that vested upon the attainment of a certain performance goal based on relative total shareholder return ("TSR") measured over the period including the 2021 calendar year and continued service by the reporting person through December 31, 2023.
F2 Represents (i) 2,339 shares of Common Stock withheld by the issuer in satisfaction of the applicable withholding taxes on shares of Common Stock that became issuable pursuant to the vesting of the 2021 ROE RSUs reported on this Form 4 and (ii) 4,453 shares of Common Stock withheld by the issuer in satisfaction of the applicable withholding taxes on shares of Common Stock that became issuable pursuant to the vesting of the 2021 TSR RSUs reported on this Form 4.
F3 Represents (i) 46,285 shares of Common Stock; (ii) 348 shares of Common Stock acquired on January 31, 2024 in a transaction exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, under the SJW Group 2023 Employee Stock Purchase Plan; and (iii) 15,156 shares of Common Stock underlying RSUs that will vest and become issuable in accordance with their terms.