Form 4: SJW Group CFO Andrew Walters Reports Stock Transaction
SEC Form 4
Andrew Walters, CFO & Treasurer of SJW Group, reports the withholding of 33 common stock shares to cover taxes related to previously granted restricted stock units.
Summary
- Andrew F. Walters, CFO & Treasurer of SJW Group, filed a Form 4 on January 29, 2025, reporting a transaction on January 27, 2025.
- The transaction involved the withholding of 33 shares of SJW Group common stock to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The price per share for the tax withholding was $49.05.
- Following the transaction, Walters directly owns 21,435 shares of common stock and indirectly owns 100 shares held by his spouse.
- The reported holdings include 16,133 shares of common stock and 5,302 shares underlying RSUs that will vest in the future.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding process related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/26/2022 | Date of Restricted Stock Unit Issuance Agreement between Andrew F. Walters and SJW Group |
| 01/27/2025 | Date of the reported transaction (stock withholding for taxes) |
| 01/29/2025 | Date the Form 4 was filed |
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