Form 4: SJW Group VP Willie D. Brown Jr. Reports Stock Transactions Following RSU Vesting

Willie D. Brown Jr., VP & General Counsel of SJW Group, reports the vesting of restricted stock units (RSUs) and subsequent stock transactions, including shares acquired and withheld for taxes.

Summary

• On February 29, 2024, Willie D. Brown Jr., VP & General Counsel of SJW Group, reported transactions involving SJW common stock.
• These transactions include the vesting of 1,283 shares of common stock related to 2021 Restricted Stock Units (RSUs).
• 466 shares vested based on average return on equity (ROE), and 817 shares vested based on relative total shareholder return (TSR).
• 455 shares were withheld by the issuer to cover applicable withholding taxes at a price of $55.06 per share.
• Following these transactions, Brown directly owns 9,464 shares of SJW Group common stock.
• This total includes 5,792 shares, 360 shares acquired through the Employee Stock Purchase Plan, and 3,312 shares underlying RSUs that will vest in the future.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.

Future Outlook

The reporting person holds 3,312 shares of Common Stock underlying RSUs that will vest and become issuable in accordance with their terms.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common practice and regulated by the SEC to ensure transparency and prevent insider trading.

Key Dates