Lenderking John Carroll 4

What Happened John Carroll Lenderking, Senior Vice President, Water Resources at Global Water Resources (GWRS), had 2,000 restricted shares vest on May 8, 2026 (awarded/acquired at $7.07 each, total value $14,140). To satisfy tax withholding on the vesting, 723 of those shares were withheld (disposed) at the same per-share value, representing $5,112.

Key Details

• Transaction date: May 8, 2026. Report filed May 12, 2026 (filed late relative to the typical 2-business-day Form 4 window).
• Award (A): 2,000 restricted shares @ $7.07 = $14,140 (vested/treated as acquisition).
• Tax withholding (F): 723 shares withheld @ $7.07 = $5,112 (treated as a disposition to cover taxes).
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes: F1 — restricted shares vested on May 8, 2026; F2 — 723 shares were withheld to satisfy the tax withholding obligation applicable to the vesting.

Context This was a routine vesting of previously granted restricted shares (compensation), not an open-market purchase or a voluntary sale. The withholding of shares to cover taxes is a common cashless mechanism and should not be read as a directional market bet. The Form 4 was filed four days after the transaction date, outside the usual 2-business-day window, which is noteworthy but not uncommon for administrative filings.