Carl Guardino - Jun 20, 2024 Form 4 Insider Report for SJW GROUP (SJW)

Role: Director
Signature: /s/ Marisa Joss Attorney-in-Fact for Carl Guardino
Stock symbol: SJW
Transactions as of: Jun 20, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/24/2024, 04:21 PM
Previous filing: May 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJW	Common Stock	Award	$0	+1.81K	+56.91%	$0.00	5K	Jun 20, 2024	Direct	F1, F2

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Represents 1,812 restricted stock units granted to the reporting person under the Issuer's Long-Term Incentive Plan. Each restricted stock unit will entitle the reporting person to receive one share of the Issuer's common stock ("Common Stock") when that unit vests. The units will vest in full upon the reporting person's continuation in Board service through the day immediately preceding the date of the Issuer's 2025 annual stockholders meeting, subject to accelerated vesting under certain prescribed circumstances.
F2	Represents 3,184 shares of Common Stock and 1,812 shares of Common Stock underlying restricted stock units which will vest and become issuable in accordance with their terms.

Content

Represents 1,812 restricted stock units granted to the reporting person under the Issuer's Long-Term Incentive Plan. Each restricted stock unit will entitle the reporting person to receive one share of the Issuer's common stock ("Common Stock") when that unit vests. The units will vest in full upon the reporting person's continuation in Board service through the day immediately preceding the date of the Issuer's 2025 annual stockholders meeting, subject to accelerated vesting under certain prescribed circumstances.

Represents 3,184 shares of Common Stock and 1,812 shares of Common Stock underlying restricted stock units which will vest and become issuable in accordance with their terms.