Craig J. Patla - Jan 1, 2023 Form 3 Insider Report for SJW GROUP (SJW)

Role: President of CTWS
Signature: /s/ Craig J. Patla
Stock symbol: SJW
Transactions as of: Jan 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 1/5/2023, 03:52 PM
Next filing: Jan 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SJW	Common Stock						7.09K	Jan 1, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents (i) 1,026 shares of the issuer's common stock; (ii) 3,666 shares subject to deferred stock units ("DSUs") assumed by issuer on the effective date of the merger with Connecticut Water Service, Inc. that are vested and will be settled in accordance with an election previously made by the reporting person, with each DSU entitling the reporting person to one share of common stock upon settlement; (iii) 2,393 shares of the common stock underlying restricted stock units ("RSUs") granted to the reporting person under the issuer's Long-Term Incentive Plan. Each RSU entitles the reporting person to receive one share of common stock upon vesting of the RSU. The RSUs will vest in three annual successive installments upon the completion of the reporting person's each year of service with the issuer for the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances.

Content

Represents (i) 1,026 shares of the issuer's common stock; (ii) 3,666 shares subject to deferred stock units ("DSUs") assumed by issuer on the effective date of the merger with Connecticut Water Service, Inc. that are vested and will be settled in accordance with an election previously made by the reporting person, with each DSU entitling the reporting person to one share of common stock upon settlement; (iii) 2,393 shares of the common stock underlying restricted stock units ("RSUs") granted to the reporting person under the issuer's Long-Term Incentive Plan. Each RSU entitles the reporting person to receive one share of common stock upon vesting of the RSU. The RSUs will vest in three annual successive installments upon the completion of the reporting person's each year of service with the issuer for the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances.