SJW.Sjw Group

Form 4: SJW Group COO Bruce Hauk Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Chief Operating Officer of SJW Group, Bruce Hauk, reports the withholding of 115 shares for tax obligations and beneficial ownership of 8,333 shares.

Summary

  • Bruce Hauk, the Chief Operating Officer of SJW Group, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
  • On August 22, 2024, 115 shares of common stock were withheld to cover withholding taxes related to shares that became issuable from a Restricted Stock Unit (RSU) agreement dated August 22, 2022.
  • The price per share for the withholding was $57.77.
  • Following the transaction, Hauk beneficially owns 8,333 shares, including 2,250 shares of common stock and 6,083 shares underlying RSUs that will vest in the future.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions, and doesn't inherently indicate 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 activity related to stock-based compensation for a key executive.

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it reflects the standard practice of stock-based compensation and tax withholding.

Key Dates

DateDescription
08/22/2022Date of the Restricted Stock Unit Issuance Agreement between Bruce Hauk and SJW Group.
08/22/2024Date of the stock transaction where 115 shares were withheld for tax obligations.
08/23/2024Date of the Form 4 filing.

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