WESTBROOK MAUREEN P 4
4 · SJW GROUP · Filed Dec 10, 2020
Insider Transaction Report
Form 4
SJW GROUPSJW
WESTBROOK MAUREEN P
President of CTWS
Transactions
- Exercise/Conversion
Common Stock
2020-12-08+1,039→ 42,994 total - Disposition to Issuer
Common Stock
2020-12-08$67.07/sh−1,039$69,686→ 41,955 total - Award
Cash Settled Restricted Stock Unit
2020-12-08+1,039→ 1,039 totalFrom: 2020-12-08Exp: 2020-12-08→ Common Stock (1,039 underlying)
Footnotes (2)
- [F1]Each Cash-Settled Restricted Stock Unit (CRSU) will vest and be settled on the third anniversary of the date of grant and each CRSU entitles the reporting person to a cash amount equal to the fair market value of one share of common stock on the vesting date. On December 8, 2020, such CRSUs vested and will be settled in cash in accordance with the terms of the CRSU agreement.
- [F2]Represents (i) 4,560 shares of the issuer's common stock, (ii) 13,309 shares subject to RSUs that will vest in three annual successive installments upon the completion of each year of the reporting person's service with the issuer for the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances, and (iii) 24,086 shares subject to DSUs that are vested and will be settled in accordance with an election previously made by the reporting person. Each RSU and DSU will entitle the reporting person to one share of common stock upon settlement.