Form 4: SJW Group VP Willie Brown Reports Stock Transactions
SEC Form 4 Filing
Willie Brown, VP & General Counsel of SJW Group, reports acquisition of stock via restricted stock units and disposition of shares to cover tax obligations.
Summary
- On January 2, 2025, Willie Brown, VP & General Counsel of SJW Group, acquired 2,382 shares of common stock through restricted stock units (RSUs).
- On the same day, 237 shares of common stock were disposed of to cover withholding taxes related to the vesting of RSUs at a price of $48.7.
- Following these transactions, Brown beneficially owns 11,516 shares of SJW Group common stock, including shares held directly and underlying RSUs.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't indicate any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 01/02/2024 | Date of Restricted Stock Unit Issuance Agreement between the reporting person and the issuer. |
| 01/02/2025 | Date of stock acquisition and disposition transactions. |
| 01/06/2025 | Date of Form 4 filing. |
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