Form 4: Global Water Resources Director Andrew Cohn Receives Restricted Stock Unit Grant

Andrew Cohn, a director of Global Water Resources, Inc., was granted 4 restricted stock units, which are fully vested upon grant and redeemable only upon his departure from the board.

Summary

• Andrew M. Cohn, a Director of Global Water Resources, Inc. (GWRS), was granted 4 Restricted Stock Units (RSUs) on June 30, 2025.
• Each RSU is the economic equivalent of one share of Global Water Resources, Inc. common stock.
• The RSUs were granted at a price of $0 per unit, indicating they were part of a compensation or incentive plan.
• These RSUs are fully vested immediately upon their grant date.
• Redemption of these RSUs is permitted only when Andrew M. Cohn ceases to be a director of the Company.
• Following this transaction, Andrew M. Cohn beneficially owns a total of 1,674 derivative securities, specifically Restricted Stock Units, held directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates a director receiving equity, which generally aligns their interests with shareholders. However, the small number of units granted (4) makes the overall impact minimal.

Positives

• The grant of Restricted Stock Units to a director aligns management's interests with those of shareholders, as the value of the units is tied to the company's stock performance.
• The immediate vesting of the RSUs provides the director with immediate equity interest in the company.

Future Outlook

The document indicates that the Restricted Stock Units are redeemable only upon the reporting person ceasing to be a director of the Company, with redemption requirements detailed in the Omnibus plans referenced in the latest 10-K filing.

Industry Context

This transaction is a routine disclosure of an insider equity grant, common across all industries as a form of executive and director compensation to align interests with shareholders. It does not provide specific insights into broader water utility industry trends.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) as a form of director compensation is a standard practice across publicly traded companies, including those in the utility sector, to incentivize long-term performance and retention.
• The immediate vesting of RSUs upon grant is less common than time-based vesting schedules but can be seen in some compensation structures, particularly for non-employee directors.

Related Party Transactions

• The grant of Restricted Stock Units to Andrew M. Cohn, a director of Global Water Resources, Inc., constitutes a related party transaction as it involves an equity award to a member of the company's board.

Stakeholder Impact

• Shareholders: The grant of equity to a director can be viewed positively as it aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The Restricted Stock Units will be redeemable by Andrew M. Cohn upon his departure from the board of directors of Global Water Resources, Inc.

Key Dates

Keywords

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