Form 4: SJW Group Executive Kristen A. Johnson Reports Stock Transaction

Chief Administrative Officer of SJW Group, Kristen A. Johnson, reports a transaction involving the withholding of 329 shares for tax purposes and the holding of 10,016 shares of common stock.

Summary

• Kristen A. Johnson, Chief Administrative Officer of SJW Group, filed a Form 4 detailing changes in beneficial ownership of company stock.
• On January 3, 2025, 329 shares of common stock were withheld to cover taxes related to previously granted restricted stock units (RSUs).
• This transaction was not a purchase or sale but a tax withholding event related to the vesting of RSUs.
• Following the transaction, Johnson beneficially owns 10,016 shares of common stock, including 6,028 shares and 3,988 shares underlying RSUs.
• Johnson also holds 17,291 shares subject to deferred stock units (DSUs) granted through dividend equivalent rights (DERs).

Sentiment

Score: 7

Explanation: The document is a routine filing of a stock transaction, which is neither positive nor negative. It is a neutral event that is expected for publicly traded companies.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into executive compensation and ownership.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reporting of tax withholdings related to vesting RSUs is a common occurrence in executive compensation packages.
• The use of DSUs and DERs is also a typical method for providing long-term incentives to executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event.
• The filing provides transparency to stakeholders regarding executive stock ownership.

Key Dates

Keywords

SJW Group, Form 4, Beneficial Ownership, Stock Transaction, Restricted Stock Units, Deferred Stock Units, Dividend Equivalent Rights, Executive Compensation