Form 4: SJW Group Executive Craig J. Patla Reports Changes in Beneficial Ownership

Craig J. Patla, President of CTWS and officer of SJW Group, reports changes in beneficial ownership of SJW Group stock, including the acquisition of dividend equivalent rights and adjustments to holdings of common stock and restricted stock units.

Summary

• Craig J. Patla, President of CTWS, filed a Form 4 detailing changes in his beneficial ownership of SJW Group stock.
• The report indicates the acquisition of 26 shares related to dividend equivalent rights (DERs) on deferred stock units (DSUs).
• Patla's holdings include 619 shares of common stock and 2,681 shares subject to restricted stock units (RSUs) that vest over time.
• The report excludes 3,828 shares subject to deferred stock units (DSUs) that are vested and will be settled according to a prior election.
• Each RSU and DSU entitles the reporting person to one share of Common Stock upon settlement.

Sentiment

Score: 5

Explanation: This is a neutral report on changes in beneficial ownership, a routine filing with no inherent positive or negative sentiment.

Future Outlook

The RSUs will vest over a period of service and be settled in accordance with the terms of the awards subject to accelerated vesting under certain prescribed circumstances. The DSUs are vested and will be settled in accordance with an election previously made by the reporting person.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is important for investors to monitor these filings as they can provide insights into management's perspective on the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates