Fleming Ronnie L 4

What Happened
Ronnie L. Fleming, President, CEO and Director of Global Water Resources, exercised/converted 4,446 restricted stock units (derivative) and disposed of 4,446 shares to the issuer at $7.59 per share, receiving $33,745. The filing also reports a grant/award of 122 RSUs to Fleming (each RSU equals one share).

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02.
• Sold/disposed: 4,446 shares at $7.59 each = $33,745 total.
• Award/grant: 122 RSUs granted (reported as acquired at $0).
• Derivative treatment: The 4,446 shares arose from exercise/conversion of RSUs (transaction code M) and were immediately disposed (transaction code D) to the issuer.
• Shares owned after transaction: Not disclosed in this filing.
• Relevant footnotes: RSUs are economic equivalents of shares, fully vested and immediately exercisable upon grant, and do not have a set expiration date (see F1–F4). F3 notes totals include prior grants with different vesting/expiration previously reported.

Context
The filing shows a conversion/exercise of RSUs followed by an immediate disposition to the issuer (a common pattern when shares are converted and sold or withheld for taxes). The report is factual and does not state a trading plan or motivations; purchases typically indicate stronger insider confidence, while this transaction is primarily an exercise/conversion plus an immediate sale/disposition.