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 acquisition of derivative securities and changes in beneficial ownership of common stock.

Summary

• On June 3, 2024, Craig J. Patla, President of CTWS and an officer of SJW Group, filed a Form 4 with the SEC reporting changes in beneficial ownership.
• The report details the acquisition of 28 shares subject to deferred stock units (DSUs) due to dividend equivalent rights (DERs).
• Patla directly owns 3,300 shares of common stock, and holds 2,681 shares subject to restricted stock units (RSUs) that vest over time.
• The report excludes 3,802 shares subject to deferred stock units (DSUs) that are vested and will be settled according to Patla's prior election.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an officer, with no inherent positive or negative sentiment.

Future Outlook

The RSUs will vest over a period of service, and DSUs will be settled according to Patla's prior election.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates