H2O AMERICA — Director's Dealing 2020

Jun 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW GROUP (SJW)
CIK: 0000766829
Period of Report: 2020-06-01

Reporting Person: WESTBROOK MAUREEN P (President of CTWS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-01	Common Stock	A	121	—	Acquired	43564	Direct

Footnotes

F1: Represents 121 shares subject to deferred stock units ("DSU") granted to the Reporting Person pursuant to dividend equivalent rights accrued on outstanding DSUs granted by Connecticut Water Service, Inc.,a wholly owned subsidiary of the Issuer. Dividend equivalent rights accrue when and as dividends are paid on the common stock underlying the awards and will be settled in accordance with the terms as theDSUs to which they relate.

F2: Represents (i) 509 shares of the issuer's common stock, (ii) 19,209 shares subject to RSUs that will vest in three annual successive installments upon the completion of each year of the reporting person'sservice with the issuer for the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances, and (iii) 23,846 shares subject to DSUs that are vested andwill be settled in accordance with an election previously made by the reporting person. Each RSU and DSU will entitle the reporting person to one share of common stock upon settlement.