Eric W. Thornburg - Jan 2, 2025 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
Jan 2, 2025
Transactions value $
-$56,249
Form type
4
Date filed
1/6/2025, 04:18 PM
Previous filing
Mar 4, 2024
Next filing
Jan 7, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJW Common Stock Award $0 +11.1K +17.9% $0.00 72.8K Jan 2, 2025 Direct F1
transaction SJW Common Stock Tax liability -$56.2K -1.16K -1.59% $48.70 71.7K Jan 2, 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 11,058 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 annual successive 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 1,155 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 2, 2025 pursuant to the terms of the January 2, 2024 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.
F3 Represents (i) 48,290 shares of Common Stock; (ii) 14 shares of Common Stock acquired on July 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) 23,402 shares of Common Stock underlying RSUs that will vest and become issuable in accordance with their terms.