GWRS VP Kyle Upchurch Receives Restricted-Share Award

What Happened
Kyle Upchurch, Vice President and Controller of Global Water Resources, received 1,666 restricted shares that vested on Sept. 3, 2026. The filing shows an acquisition value of $8.92 per share (total ~$14,861). To cover tax withholding on the vesting, 371 of those shares were withheld/disposed at the same $8.92 per-share value (value ~$3,309), resulting in a net increase of 1,295 shares to his holdings.

Key Details

• Transaction date: 2026-09-03 (vesting of restricted shares)
• Filing date: 2026-09-08 — filed 5 days after the transaction (late relative to the typical 2-business-day Form 4 deadline)
• Award: 1,666 restricted shares acquired (code A) at $8.92/share — total $14,861
• Tax withholding: 371 shares withheld/disposed (code F) at $8.92/share — total $3,309
• Net new shares from the vesting: 1,295 shares (1,666 acquired minus 371 withheld)
• Shares owned following the transaction: not specified in the filing
• Footnotes: F1 notes the shares were restricted shares that vested; F2 confirms shares were withheld to satisfy tax withholding

Context
This was a standard vesting of restricted stock with shares withheld to meet tax obligations (a common, routine practice). The withholding is treated as a disposition for reporting purposes but does not indicate an independent sell decision. Investors should note the Form 4 was filed late (filed 5 days after the vesting), which is an administrative timing issue and could be reviewed by regulators but does not, by itself, indicate trading intent.