Form 4: SJW Group CFO Andrew Walters Reports Stock Transaction
SEC Form 4 Filing
Andrew Walters, CFO & Treasurer of SJW Group, reports the withholding of 385 common stock shares to cover taxes related to previously granted restricted stock units.
Summary
- On January 3, 2025, Andrew F. Walters, CFO & Treasurer of SJW Group, had 385 shares of common stock withheld to cover taxes.
- This was related to shares becoming issuable from restricted stock units (RSUs) granted on January 3, 2022, and January 3, 2023.
- The issuance of these shares was previously reported when the RSUs were granted.
- Following the transaction, Walters directly owns 21,468 shares of common stock, and his spouse indirectly owns 100 shares.
- This includes 16,077 shares of common stock and 5,391 shares underlying RSUs that will vest in the future.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 01/03/2022 | Date of one of the Restricted Stock Unit Issuance Agreements between Andrew F. Walters and SJW Group. |
| 01/03/2023 | Date of one of the Restricted Stock Unit Issuance Agreements between Andrew F. Walters and SJW Group. |
| 01/03/2025 | Date of the reported transaction where shares were withheld for tax purposes. |
| 01/07/2025 | Date of signature on the Form 4 filing. |
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