H2O AMERICA — Director's Dealing 2021

Mar 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW GROUP (SJW)
CIK: 0000766829
Period of Report: 2021-02-25

Reporting Person: Thornburg Eric W (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-25	Common Stock	A	3171	—	Acquired	30327	Direct
2021-02-25	Common Stock	F	1096	$63.35	Disposed	29231	Direct

Footnotes

F1: Represents the vesting of 3,171 shares of common stock subject to a Restricted Stock Unit ("RSU") award granted on January 30, 2018, pursuant to the terms of the Reporting Person's employment agreement with the issuer.

F2: Represents 16,020 shares of the issuer's common stock and 14,307 shares of the issuer's common stock underlying RSUs including the shares which vested per footnote 1 above and RSUs which will vest and become issuable in accordance with their terms.

F3: Represents 1,096 shares of common stock withheld by the issuer in satisfaction of the applicable withholding taxes on shares of common stock that became issuable pursuant to the vesting of the award reported in footnote 1.

F4: Represents 18,095 shares of the issuer's common stock and 11,136 shares of the issuer's common stock underlying RSUs which will vest and become issuable in accordance with their terms.