Form 4: SJW Group VP & Gen Counsel Willie D. Brown Jr. Reports Stock Transaction
SEC Form 4 Filing
Willie D. Brown Jr., VP & General Counsel of SJW Group, reports the withholding of 93 shares for tax obligations related to previously granted restricted stock units.
Summary
- On May 31, 2024, Willie D. Brown Jr., VP & General Counsel of SJW Group, had 93 shares of common stock withheld to cover tax obligations.
- These shares were related to restricted stock units (RSUs) that vested on the same date, stemming from a May 31, 2021 agreement.
- The price per share for the tax withholding was $54.71.
- Following the transaction, Brown directly owns 6,321 shares of common stock and indirectly owns 3,050 shares underlying RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/31/2021 | Date of Restricted Stock Unit Issuance Agreement between Willie D. Brown Jr. and SJW Group. |
| 05/31/2024 | Date of transaction: 93 shares of SJW Group common stock withheld for tax obligations related to vesting RSUs. |
| 06/03/2024 | Date of signature on the Form 4 filing. |
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