SJW.Sjw Group

Form 4: SJW Group CEO Eric Thornburg Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Eric Thornburg, President & CEO of SJW Group, reports the withholding of 1,668 common stock shares for tax obligations related to previously granted restricted stock units.

Summary

  • On January 3, 2025, Eric Thornburg, the President & CEO of SJW Group, had 1,668 shares of common stock withheld to cover tax obligations.
  • These shares were related to restricted stock units (RSUs) that vested on the same date, stemming from agreements in January 2022 and January 2023.
  • The price per share for the transaction was $48.27.
  • Following the transaction, Thornburg directly owns 70,038 shares of SJW Group common stock, which includes 51,194 shares of common stock and 18,844 shares underlying RSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

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

Stakeholder Impact

  • The transaction has a minimal impact on stakeholders as it is a routine tax withholding related to executive compensation.

Key Dates

DateDescription
01/03/2022Date of one of the Restricted Stock Unit Issuance Agreements between Eric Thornburg and SJW Group.
01/03/2023Date of one of the Restricted Stock Unit Issuance Agreements between Eric Thornburg and SJW Group.
01/03/2025Date of the stock transaction where 1,668 shares were withheld for tax obligations and RSUs vested.
01/07/2025Date of the Form 4 filing.

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