Rousseau David 4

What Happened David Rousseau, a director of Global Water Resources, Inc. (GWRS), received an award of 45 restricted stock units (RSUs) on January 30, 2026. The Form 4 lists the transaction as an award/grant (code A) with an acquisition price of $0.00; aggregate cash consideration reported is $0. The filing classifies the grant as a derivative instrument (RSUs), not an open‑market purchase of shares.

Key Details

• Transaction date: 2026-01-30 (reported on Form 4 filed 2026-02-03).
• Instrument/type: 45 RSUs (derivative award), grant price $0.00, aggregate $0.
• Vesting/redemption: Footnote states each RSU equals one share (F1). RSUs are fully vested on grant but may only be redeemed when Rousseau ceases to be a director; redemption terms are in the company’s Omnibus plans (F2).
• Shares owned after transaction: Not reported on this Form 4.
• Timeliness: Form 4 was filed Feb 3 for the Jan 30 grant, which falls within the normal Form 4 reporting window.

Context RSU awards to directors are common as compensation or retention tools and differ from open‑market purchases (which some investors view as a stronger bullish signal). Here, although the RSUs are fully vested, they are restricted from being converted to shares until the director leaves the board, so they represent deferred/contingent compensation rather than immediate ownership available for sale.