Form 4: SJW Group Executive Craig J. Patla Reports Stock Transactions

Craig J. Patla, President of CTWS at SJW Group, reports the withholding of 273 common stock shares for tax obligations and ownership of 5,088 shares following the transaction on January 3, 2025.

Summary

• On January 3, 2025, Craig J. Patla, President of CTWS at SJW Group, reported a transaction involving the company's common stock.
• 273 shares of common stock were withheld to cover tax obligations related to previously granted Restricted Stock Units (RSUs).
• These RSUs were granted on January 3, 2022, and January 3, 2023.
• The price per share for the withheld stock was $48.27.
• Following the transaction, Patla directly owns 5,088 shares of SJW Group common stock.
• This includes 1,418 shares of common stock and 3,670 shares underlying RSUs that will vest in the future.
• Patla also holds 3,855 shares subject to deferred stock units (DSUs) granted pursuant to dividend equivalent rights (DERs).

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard compensation practices; therefore, the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. It is common for executives to have shares withheld to cover tax obligations when RSUs vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations on vested RSUs.

Key Dates