Corwin Jonathan C. 4

What Happened
Jonathan C. Corwin, Vice President of Global Water Resources, was granted 2 restricted stock units (RSUs) on January 30, 2026. The Form 4 reports these as a derivative award (code A) at $0.00 per unit (total reported cash value $0). The RSUs are economic equivalents of common shares and were fully vested upon grant.

Key Details

• Transaction date: 2026-01-30; Form 4 filed: 2026-02-03 (filing appears to meet the typical 2-business-day reporting window).
• Reported transaction: Grant/award of 2 RSUs at $0.00 (derivative).
• Shares owned after the transaction: Not specified in the filing.
• Footnotes: F1 — each RSU equals one share of common stock; F2 — RSUs are fully vested upon grant, immediately exercisable, and have no set expiration date.
• No 10b5-1 plan, tax-withholding sale, or cashless exercise was reported.

Context
RSU grants are a form of compensation and differ from open-market purchases or sales; they don’t by themselves indicate the insider bought or sold shares for investment reasons. Because these RSUs vested immediately and are exercisable, Corwin could convert them to common shares per the company’s procedures, but the filing does not show any sale or transfer of underlying shares.