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

Craig J. Patla, President of CTWS at SJW Group, reports the acquisition and disposal of common stock related to the vesting of restricted stock units (RSUs) and the withholding of shares for tax obligations.

Summary

• On February 29, 2024, Craig J. Patla, President of CTWS at SJW Group, reported transactions involving SJW Group's common stock.
• Patla acquired 243 shares of common stock related to the vesting of 2021 Restricted Stock Units (RSUs) based on return on equity (ROE) and relative total shareholder return (TSR) performance goals.
• 77 shares were disposed of to cover withholding taxes related to the vesting of these RSUs at a price of $55.06 per share.
• Following these transactions, Patla beneficially owns 8,447 shares of SJW Group common stock.
• This total includes 2,019 shares of common stock, 2,681 shares subject to RSUs that will vest over time, and 3,747 shares subject to Deferred Stock Units (DSUs) that are vested and will be settled according to Patla's prior election.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but the vesting of RSUs suggests the achievement of performance goals.

Positives

• The vesting of RSUs indicates that performance goals related to ROE and TSR were met, which could be seen as a positive indicator of company performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

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 equity compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the normal course of executive compensation.

Key Dates