Form 4: Daniel B. More Reports Acquisition of SJW Group Stock and Transfer to Revocable Trust

Director Daniel B. More reports the acquisition of 1,812 restricted stock units and a transfer of shares to a revocable trust.

Summary

• Daniel B. More, a director of SJW Group, reported acquiring 1,812 restricted stock units on June 20, 2024, under the Issuer's Long-Term Incentive Plan.
• These restricted stock units will vest in full upon continuation of 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.
• The report also indicates that 11,130 shares of Common Stock are held in the Daniel B. More Revocable Trust, including 51 shares acquired as reinvested dividends that were previously excluded due to an administrative error.
• 6,585 shares of Common Stock previously reported as being held directly are now reported as being held in the Daniel B. More Revocable Trust.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of stock transactions by a company director. It doesn't contain overtly positive or negative information, but the acquisition of stock units could be seen as a slightly positive sign of confidence.

Future Outlook

The restricted stock 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.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding insider transactions.

Key Dates