Form 4: SJW Group Officer Kristen A. Johnson Reports Changes in Beneficial Ownership

Kristen A. Johnson, Chief Administrative Officer of SJW Group, reports changes in beneficial ownership of company stock, including acquisitions of deferred stock units (DSUs) through dividend equivalent rights.

Summary

• On March 1, 2024, Kristen A. Johnson, Chief Administrative Officer of SJW Group, filed a Form 4 with the SEC reporting changes in her beneficial ownership of SJW Group stock.
• The report indicates that Johnson acquired 119 shares subject to DSUs due to dividend equivalent rights accrued on outstanding DSUs granted by Connecticut Water Service, Inc., a wholly owned subsidiary of SJW Group.
• Following the reported transaction, Johnson beneficially owns 8,186 shares of common stock, which includes 5,104 shares of common stock and 3,082 shares subject to restricted stock units (RSUs).
• Johnson also owns 16,926 shares subject to deferred stock units (DSUs).

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of company stock by a key officer.

Key Dates