Form 4: SJW Group VP & General Counsel Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Willie D. Brown Jr., VP & General Counsel of SJW Group, reports disposing of 364 shares to cover tax obligations related to previously granted restricted stock units.
Summary
- On January 3, 2025, Willie D. Brown Jr., VP & General Counsel of SJW Group, disposed of 364 shares of common stock to satisfy tax withholding obligations.
- The shares were related to restricted stock units (RSUs) that became issuable on the same date, stemming from agreements in January 2022 and January 2023.
- The transaction was executed at a price of $48.27 per share.
- Following the transaction, Brown directly owns 11,152 shares, including 7,186 shares of common stock and 3,966 shares underlying RSUs.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/03/2022 | Date of one of the Restricted Stock Unit Issuance Agreements between the reporting person and the issuer. |
| 01/03/2023 | Date of one of the Restricted Stock Unit Issuance Agreements between the reporting person and the issuer. |
| 01/03/2025 | Date of the transaction where 364 shares were disposed of to cover tax obligations; RSUs became issuable. |
| 01/07/2025 | Date of the report filing. |
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