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H2O AMERICA — Director's Dealing 2021
Jan 5, 2021
31819_dirs_2021-01-05_3ac2b629-aff9-4ff0-9e23-eb21e8205d40.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SJW GROUP (SJW)
CIK: 0000766829
Period of Report: 2020-12-31
Reporting Person: Thornburg Eric W (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-12-31 | Common Stock | F | 2712 | $69.36 | Disposed | 21387 | Direct |
| 2021-01-04 | Common Stock | A | 6108 | — | Acquired | 27495 | Direct |
Footnotes
F1: Represents 2,712 shares of common stock withheld by the issuer to satisfy the reporting person's tax withholding obligations with respect to an aggregate of 7,489 shares of common stock underlying restricted stock units ("RSUs") that vested and became issuable on December 31, 2020 pursuant to the terms of the November 6, 2017, January 2, 2018, and January 2, 2019 Restricted Stock Issuance Agreements between the issuer and the reporting person. The issuable shares were previously reported as Table I securities at the time the restricted stock units were granted, and accordingly the issuance of those shares is not a reportable transaction on this Form 4.
F2: Represents 14,574 shares of the issuer's common stock and 6,813 shares of the issuer's common stock underlying restricted stock units which will vest and become issuable in accordance with their terms.
F3: Represents 6,108 shares of the common stock underlying restricted stock units granted to the reporting person under the issuer's Long-Term Incentive Plan. Each RSU entitles the reporting person to receive one share of common stock upon vesting of the RSU. The RSUs will vest in three annual successive installments upon the completion of the reporting person's each year of service with the issuer for the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances.
F4: Represents 14,574 shares of the issuer's common stock and 12,921 shares of the issuer's common stock underlying restricted stock units which will vest and become issuable in accordance with their terms.