H2O AMERICA — Director's Dealing 2021

Feb 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SJW GROUP (SJW)
CIK: 0000766829
Period of Report: 2021-02-24

Reporting Person: Lynch James Patrick (CFO/Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-24	Common Stock	A	1081	—	Acquired	25579	Direct
2021-02-24	Common Stock	F	372	$65.03	Disposed	25207	Direct

Footnotes

F1: Represents 1,081 shares of common stock subject to the 2019 Restricted Stock Units ("RSU") that vested upon the attainment of a certain performance goal based on the average return on equity ("ROE") measured over the period including the 2019 and 2020 calendar years and continued service by the reporting person through December 31, 2020.

F2: Represents 5,901 shares of the issuer's common stock, 12,068 shares of common stock held by Mr. Lynch and his spouse in joint tenancy, 2,500 shares of the issuer's common stock held under a Roth IRA account, and 5,110 shares of the issuer's common stock underling restricted stock units including the shares which vested per footnote 1 above and RSUs which will vest and become issuable in accordance with their terms.

F3: Represents 372 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 2019 ROE RSUs reported in footnote 1.

F4: Represents 6,610 shares of the issuer's common stock, 12,068 shares of common stock held by Mr. Lynch and his spouse in joint tenancy, 2,500 shares of the issuer's common stock held under a Roth IRA account, and 4,029 shares of the issuer's common stock underling restricted stock units that will vest and become issuable in accordance with their terms.