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: Walters Andrew F (Chief Corp Development Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-24	Common Stock	A	944	—	Acquired	12299	Direct
2021-02-24	Common Stock	F	289	$65.03	Disposed	12010	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100	Indirect

Footnotes

F1: Represents 944 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 8,389 shares of the issuer's common stock and 3,910 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 289 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 9,044 shares of the issuer's common stock and 2,966 shares of the issuer's common stock underlying RSUs which will vest and become issuable in accordance with their terms.