Form 4: SJW Group Executive Kristen A. Johnson Reports Stock Transactions Following RSU Vesting

Chief Administrative Officer Kristen A. Johnson reports acquisition of 2,078 shares and disposal of 661 shares of SJW Group common stock related to RSU vesting and tax withholding.

Summary

• On February 29, 2024, Kristen A. Johnson, Chief Administrative Officer of SJW Group, reported transactions involving the company's common stock.
• Johnson acquired 2,078 shares of common stock related to the vesting of Restricted Stock Units (RSUs).
• These RSUs vested based on the attainment of performance goals related to average return on equity (ROE) and relative total shareholder return (TSR) over the 2021 calendar year, contingent on continued service through December 31, 2023.
• The reported transaction also included the disposal of 661 shares to cover withholding taxes associated with the vesting of these RSUs at a price of $55.06 per share.
• Following these transactions, Johnson beneficially owns 24,993 shares of SJW Group common stock.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation. The vesting of RSUs suggests the achievement of performance goals, which is mildly positive. However, the document itself is neutral in tone.

Positives

• The vesting of RSUs indicates that performance goals related to ROE and TSR were met, suggesting positive performance for SJW Group during the performance period.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the normal course of executive compensation.
• Employees may view the vesting of RSUs as a positive sign of company performance.

Key Dates