Form 4: SJW Group CFO Andrew Walters Reports Stock Transactions
SEC Form 4
Andrew Walters, CFO & Treasurer of SJW Group, reports acquisition of stock via restricted stock units and disposition of shares to cover tax obligations.
Summary
- Andrew Walters, the CFO & Treasurer of SJW Group, filed a Form 4 detailing changes in beneficial ownership of SJW stock.
- On January 2, 2025, Walters acquired 3,163 shares of common stock underlying restricted stock units (RSUs) at $0.
- Also on January 2, 2025, 288 shares of common stock were withheld to satisfy tax obligations at $48.7.
- Following these transactions, Walters directly owns 21,853 shares of common stock and indirectly owns 100 shares held by his spouse.
- The RSUs vest in three annual installments from the grant date, subject to accelerated vesting under certain conditions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 01/02/2024 | Date of Restricted Stock Unit Issuance Agreement between the reporting person and the issuer. |
| 01/02/2025 | Date of stock acquisition and disposition transactions. |
| 01/06/2025 | Date of Form 4 signature. |
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