Form 4: Global Water Director Receives 7 Restricted Stock Units

Global Water Resources, Inc. director Debra Coy was granted 7 restricted stock units, fully vested upon grant, redeemable upon ceasing directorship.

Summary

• Director Debra Coy of Global Water Resources, Inc. was granted 7 Restricted Stock Units (RSUs).
• Each RSU is the economic equivalent of one share of common stock of Global Water Resources, Inc.
• The RSUs are fully vested upon grant, meaning ownership rights are immediate.
• Redemption of the RSUs is permitted only when the reporting person ceases to be a director of the Company.
• Following this transaction, Debra Coy beneficially owns 306 derivative securities (Restricted Stock Units).
• The transaction date for the RSU acquisition was 11/26/2025.

Sentiment

Score: 5

Explanation: The filing reports a routine grant of restricted stock units to a director, which is a neutral event reflecting standard compensation practices without significant positive or negative implications for the company's financial health or strategic direction.

Positives

• The grant of Restricted Stock Units aligns the director's interests with shareholders, as RSUs are equivalent to common stock.
• The RSUs are fully vested upon grant, providing immediate ownership rights, though redemption is deferred until the director ceases service.

Negatives

• No immediate cash benefit from the grant, as redemption is tied to ceasing directorship.

Future Outlook

No specific forward-looking statements or guidance regarding company performance or strategy are provided in this filing.

Industry Context

This is a routine compensation event for a director, common across industries to align executive and director interests with shareholders. Granting equity, such as RSUs, is a standard practice in corporate governance to incentivize long-term commitment and performance.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) as part of director compensation is a common practice in publicly traded companies, including those in the water utility sector, to incentivize long-term commitment and align interests with shareholders.
• The immediate vesting upon grant, with redemption tied to the cessation of directorship, is a specific compensation structure that can vary but is not uncommon for non-employee directors across various industries.

Related Party Transactions

• The grant of 7 Restricted Stock Units to Debra Coy, a director of Global Water Resources, Inc., constitutes a related party transaction as it involves compensation to a member of the company's board.

Stakeholder Impact

• Shareholders: The grant of RSUs aligns the director's interests with shareholders, potentially encouraging decisions that benefit long-term stock value. However, it also represents a minor potential for future dilution upon redemption.
• Employees: No direct impact on employees is indicated.
• Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated.

Next Steps

• Redemption of the Restricted Stock Units will occur upon the reporting person ceasing to be a director of the Company, with specific requirements detailed in the Omnibus plans referenced in the latest 10-K filing.

Key Dates

Keywords

Global Water Resources, GWRS, Debra Coy, Restricted Stock Units, RSU, Director Compensation, SEC Form 4, Insider Transaction, Equity Grant