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: Gere Andrew (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-24	Common Stock	A	1030	—	Acquired	22092	Direct
2021-02-24	Common Stock	F	352	$65.03	Disposed	21740	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	400	Indirect
Common Stock	100	Indirect

Footnotes

F1: Represents 1,030 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 18,059 shares of the issuer's common stock and 4,033 shares of the issuer's common stock underlying RSUs wincluding the shares which vested per footnote 1 above and RSUs which will vest and become issuable in accordance with their terms.

F3: Represents 352 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 18,737 shares of the issuer's common stock and 3,003 shares of the issuer's common stock underlying RSUs which will vest and become issuable in accordance with their terms.