Corwin Jonathan C. 4

What Happened
Jonathan C. Corwin, Vice President of Global Water Resources, had 133 restricted stock units (RSUs) convert into common shares and those 133 shares were disposed to the issuer on March 31, 2026 for $7.59 each, totaling $1,009. The filing shows the RSUs were effectively exercised/converted at $0 (no cash paid) and immediately surrendered. In the same transaction date he was also granted 3 additional RSUs (fully vested).

Key Details

• Transaction date: 2026-03-31; filing date: 2026-04-02 (filed within the Form 4 timing window).
• Disposition: 133 shares sold/ surrendered to the issuer at $7.59 each = $1,009.
• Acquisitions: 133 shares acquired via conversion of RSUs at $0; plus a grant of 3 RSUs (acquired at $0).
• Footnotes: RSUs are economic equivalents of common shares, fully vested upon grant, exercisable at vesting, and have no set expiration (F1–F4). Total reported may include prior grants with different terms (F3).
• Shares owned after the transaction are not specified in this Form 4 filing.

Context
This appears to be a routine tax-withholding or share-surrender event following RSU vesting (RSUs converted to shares and then surrendered to the issuer rather than sold on the open market). Such dispositions are common for covering tax obligations and do not necessarily indicate the insider’s market view. The transactions involve derivative/RSU exercises (code M) and an issuer disposition (code D), not an open-market sale.