Form 4: SJW Group CEO Eric Thornburg Reports Stock Transactions Following RSU Vesting

Eric Thornburg, President & CEO of SJW Group, reports the acquisition of 13,403 shares and disposal of 6,792 shares of common stock on February 29, 2024, following the vesting of restricted stock units (RSUs).

Summary

• On February 29, 2024, Eric Thornburg, the President & CEO of SJW Group, reported transactions involving SJW Group's common stock.
• Thornburg acquired 13,403 shares of common stock related to the vesting of 2021 Restricted Stock Units (RSUs).
• These RSUs vested based on the attainment of performance goals related to average return on equity (ROE) and relative total shareholder return (TSR) over the 2021 calendar year, along with continued service through December 31, 2023.
• Simultaneously, 6,792 shares were disposed of to cover withholding taxes associated with the vesting of these RSUs at a price of $55.06 per share.
• Following these transactions, Thornburg beneficially owns 61,789 shares of SJW Group common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.

Stakeholder Impact

• The vesting of RSUs and subsequent tax-related share disposal has a minor dilutive effect on existing shareholders.

Key Dates