Cohn Andrew M. 4

What Happened
Andrew M. Cohn, a director of Global Water Resources, Inc. (GWRS), received an award of 6 restricted stock units (RSUs) on April 30, 2026. The RSUs were granted at $0.00 (no cash purchase) and are reported as derivative securities (each RSU is economically equivalent to one share). The award is fully vested on grant but the RSUs can only be redeemed upon Cohn ceasing to be a director.

Key Details

• Transaction date: 2026-04-30; Form 4 filed: 2026-05-04 (filed within the two-business-day reporting window).
• Security/amount: 6 RSUs granted, price reported $0.00 (award/derivative).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes: F1 — each RSU equals one share; F2 — RSUs fully vested on grant but redemption is restricted until the director leaves the board (redemption terms in the company’s Omnibus plans referenced in its 10-K).
• Transaction type: Award/Grant (code A), not a purchase or sale.

Context
RSU grants are typically a form of compensation or retention award; because these RSUs are vested but not redeemable until Cohn leaves the board, they act more like deferred compensation than an immediate stock purchase. The small size of the award (6 RSUs) is minor in absolute terms and does not by itself indicate insider sentiment about the company.