Form 4: Director Rebecca A. Klein Reports Acquisition and Disposal of SJW Group Stock

Rebecca A. Klein, a director of SJW Group, reported the acquisition of 1,812 restricted stock units and the disposal of 3,253 shares of common stock on June 20, 2024.

Summary

• On June 20, 2024, Rebecca A. Klein, a director of SJW Group, reported transactions involving the company's stock.
• Klein acquired 1,812 restricted stock units (RSUs) under the Issuer's Long-Term Incentive Plan.
• Each RSU entitles Klein to one share of SJW Group's common stock upon vesting.
• The RSUs will vest in full if Klein continues Board service through the day before the Issuer's 2025 annual stockholders meeting, with potential for accelerated vesting under certain conditions.
• Klein also disposed of 3,253 shares of Common Stock.
• Following these transactions, Klein beneficially owns 5,065 shares, including 1,812 shares underlying the restricted stock units.

Sentiment

Score: 5

Explanation: This is a standard regulatory filing reflecting insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

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

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to monitor the actions of key individuals within SJW Group.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.

Key Dates