Form 4: SJW Group Officer Tanya Moniz-Witten Reports Stock Award and Disposal

Tanya Moniz-Witten, President of San Jose Water Co. and officer of SJW Group, reports the acquisition of 9,367 shares of common stock through restricted stock units (RSUs) and the disposal of 11,637 shares on April 30, 2024.

Summary

• On April 30, 2024, Tanya Moniz-Witten, President of San Jose Water Co. and an officer of SJW Group, reported transactions involving SJW Group's common stock.
• She acquired 9,367 shares of common stock through the vesting of restricted stock units (RSUs) at a price of $0.
• She disposed of 11,637 shares of common stock.
• Following these transactions, Moniz-Witten directly owns 11,637 shares of SJW Group common stock.
• The RSUs vest in three annual installments from the grant date, contingent on continued service, with potential for accelerated vesting under specific conditions.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by an officer. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The RSUs will vest in three successive annual installments upon the completion of the reporting person's each year of service with the issuer for the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company officers and directors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.
• The vesting of RSUs serves as an incentive for the reporting person to remain with the company.

Key Dates