Kristen A. Johnson - Feb 28, 2025 Form 4 Insider Report for SJW GROUP (SJW)

Role: Chief Administrative Officer
Signature: /s/ Marisa Joss, Attorney-in-Fact for Kristen A. Johnson
Stock symbol: SJW
Transactions as of: Feb 28, 2025
Transactions value $: -$26,651
Form type: 4
Date filed: 3/4/2025, 06:19 PM
Previous filing: Jan 7, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJW	Common Stock	Award	$0	+1.59K	+15.84%	$0.00	11.6K	Feb 28, 2025	Direct	F1
transaction	SJW	Common Stock	Tax liability	-$26.7K	-506	-4.36%	$52.67	11.1K	Feb 28, 2025	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SJW	Common Stck	Award	$0	+134	+0.77%	$0.00	17.4K	Mar 3, 2025	Common Stock	134		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents (i) 960 shares of Issuer's common stock ("Common Stock") subject to the 2022 Restricted Stock Units ("RSUs") that vested upon the attainment of a certain performance goal based on average return on equity ("ROE") measured over a period from January 1, 2022 to December 31, 2024 and continued service by the reporting person through December 31, 2024 and (ii) 627 shares of Common Stock subject to the 2022 RSUs that vested upon the attainment of a certain performance goal based on relative total shareholder return ("TSR") measured over a period from January 1, 2022 to December 31, 2024 and continued service by the reporting person through December 31, 2024.
F2	Represents (i) 306 shares of Common Stock withheld in satisfaction of the applicable withholding taxes on shares of Common Stock that became issuable pursuant to the vesting of the 2022 ROE RSUs reported on this Form 4 and (ii) 200 shares of Common Stock withheld in satisfaction of the applicable withholding taxes on shares of Common Stock that became issuable pursuant to the vesting of the 2022 TSR RSUs reported on this Form 4.
F3	Represents 7,109 shares of Common Stock and 3,988 shares of the Common Stock underlying RSUs which will vest and become issuable in accordance with their terms.
F4	Represents 134 shares subject to deferred stock units ("DSUs") granted to the reporting person pursuant to dividend equivalent rights ("DERs") accrued on outstanding DSUs granted by Connecticut Water Service, Inc., a wholly owned subsidiary of the Issuer. DERs accrue when and as dividends are paid on the Common Stock underlying the awards and will vest and be settled in accordance with the same terms as the DSUs to which they relate.