SJW Group Files Definitive Proxy Statement for 2024 Annual Meeting
Ticker: HTO · Form: DEF 14A · Filed: Apr 29, 2024 · CIK: 766829
| Field | Detail |
|---|---|
| Company | Sjw Group (HTO) |
| Form Type | DEF 14A |
| Filed Date | Apr 29, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 19 min |
| Key Dollar Amounts | $11,500, $1 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: DEF 14A, Proxy Statement, SJW Group, Executive Compensation, Annual Meeting
TL;DR
<b>SJW Group has filed its Definitive Proxy Statement for the 2024 Annual Meeting, detailing executive compensation and equity awards for the 2023 fiscal year.</b>
AI Summary
SJW GROUP (HTO) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. SJW Group filed a Definitive Proxy Statement (DEF 14A) on April 29, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 110 W. Taylor Street, San Jose, CA 95110. SJW Group was formerly known as SJW Corp, with a name change date of July 3, 1992. The filing includes data related to equity awards granted, vested, and outstanding for the years 2020 through 2023.
Why It Matters
For investors and stakeholders tracking SJW GROUP, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, director elections, and other matters to be voted on at the upcoming annual meeting. Shareholders can review the details of equity awards granted, vested, and outstanding from 2020-2023, which is a key component of executive compensation analysis.
Risk Assessment
Risk Level: low — SJW GROUP shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures without immediate financial or operational red flags.
Analyst Insight
Review the executive compensation details and voting proposals to make informed decisions for the upcoming shareholder meeting.
Key Numbers
- 2024-04-29 — Filing Date (Date the DEF 14A was filed)
- 2023-12-31 — Fiscal Year End (Period covered by the filing)
- 1992-07-03 — Date of Name Change (From SJW Corp to SJW Group)
Key Players & Entities
- SJW Group (company) — Filer of the DEF 14A
- SJW Corp (company) — Former name of SJW Group
- 110 W. Taylor Street, San Jose, CA 95110 (location) — Business and mailing address
FAQ
When did SJW GROUP file this DEF 14A?
SJW GROUP filed this Proxy Statement (DEF 14A) with the SEC on April 29, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by SJW GROUP (HTO).
Where can I read the original DEF 14A filing from SJW GROUP?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by SJW GROUP.
What are the key takeaways from SJW GROUP's DEF 14A?
SJW GROUP filed this DEF 14A on April 29, 2024. Key takeaways: SJW Group filed a Definitive Proxy Statement (DEF 14A) on April 29, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 110 W. Taylor Street, San Jose, CA 95110..
Is SJW GROUP a risky investment based on this filing?
Based on this DEF 14A, SJW GROUP presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures without immediate financial or operational red flags.
What should investors do after reading SJW GROUP's DEF 14A?
Review the executive compensation details and voting proposals to make informed decisions for the upcoming shareholder meeting. The overall sentiment from this filing is neutral.
How does SJW GROUP compare to its industry peers?
SJW Group operates in the Water Supply industry (SIC 4941).
Are there regulatory concerns for SJW GROUP?
The filing is a DEF 14A, a standard disclosure document required under the Securities Exchange Act of 1934.
Industry Context
SJW Group operates in the Water Supply industry (SIC 4941).
Regulatory Implications
The filing is a DEF 14A, a standard disclosure document required under the Securities Exchange Act of 1934.
What Investors Should Do
- Review the proposals to be voted on at the annual meeting.
- Analyze the executive compensation details and equity award grants.
- Understand director nominations and qualifications.
Year-Over-Year Comparison
This is a DEF 14A filing, which is a routine disclosure for annual meetings and does not represent a change from previous filing types.
Filing Stats: 4,640 words · 19 min read · ~15 pages · Grade level 16.2 · Accepted 2024-04-26 18:42:20
Key Financial Figures
- $11,500 — Corporation has agreed to pay that firm $11,500, plus expenses, for proxy solicitation
- $1 billion — ty, now CRDA), which had oversight of a $1 billion investment in redeveloping downtown Har
Filing Documents
- sjw-20240426.htm (DEF 14A) — 1331KB
- sjw-20240426_g1.jpg (GRAPHIC) — 23KB
- sjw-20240426_g10.jpg (GRAPHIC) — 3530KB
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- sjw-20240426_g13.jpg (GRAPHIC) — 3471KB
- sjw-20240426_g14.jpg (GRAPHIC) — 3207KB
- sjw-20240426_g15.jpg (GRAPHIC) — 23KB
- sjw-20240426_g16.jpg (GRAPHIC) — 2176KB
- sjw-20240426_g17.jpg (GRAPHIC) — 25KB
- sjw-20240426_g18.jpg (GRAPHIC) — 31KB
- sjw-20240426_g19.jpg (GRAPHIC) — 28KB
- sjw-20240426_g2.jpg (GRAPHIC) — 6KB
- sjw-20240426_g20.jpg (GRAPHIC) — 33KB
- sjw-20240426_g21.jpg (GRAPHIC) — 166KB
- sjw-20240426_g22.jpg (GRAPHIC) — 139KB
- sjw-20240426_g23.jpg (GRAPHIC) — 130KB
- sjw-20240426_g24.jpg (GRAPHIC) — 456KB
- sjw-20240426_g3.jpg (GRAPHIC) — 11KB
- sjw-20240426_g4.jpg (GRAPHIC) — 1329KB
- sjw-20240426_g5.jpg (GRAPHIC) — 1637KB
- sjw-20240426_g6.jpg (GRAPHIC) — 1509KB
- sjw-20240426_g7.jpg (GRAPHIC) — 1759KB
- sjw-20240426_g8.jpg (GRAPHIC) — 1243KB
- sjw-20240426_g9.jpg (GRAPHIC) — 2067KB
- 0000766829-24-000043.txt ( ) — 77854KB
- sjw-20240426.xsd (EX-101.SCH) — 5KB
- sjw-20240426_def.xml (EX-101.DEF) — 7KB
- sjw-20240426_lab.xml (EX-101.LAB) — 11KB
- sjw-20240426_pre.xml (EX-101.PRE) — 7KB
- sjw-20240426_htm.xml (XML) — 205KB
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 31
EXECUTIVE COMPENSATION AND RELATED INFORMATION
EXECUTIVE COMPENSATION AND RELATED INFORMATION 33 Compensation Discussion and Analysis 33 Summary Compensation Table 51 Grants of Plan-Based Awards 53 Outstanding Equity Awards at Fiscal Year-End 55 Option Exercises and Stock Vested 57 Pension Benefits 58 Non-Qualified Deferred Compensation 63 Risk Assessment of Compensation Policies and Practices 64 Pay Ratio Disclosure 66 Pay versus Performance Table 67 Securities Authorized for Issuance Under Equity Compensation Plans 71 Compensation Committee Interlocks and Insider Participation 71 Employment Agreements, Termination of Employment and Change in Control Arrangements 72 COMMITTEE REPORTS 79 Annual Report of the Audit Committee 79 Annual Report of the Executive Compensation Committee 79 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 80 STOCKHOLDER PROPOSALS 80 OTHER MATTERS 80 APPENDIX A 81 APPENDIX B 84 SJW Group 110 W. Taylor Street San Jose, California 95110 Proxy Statement for the 2024 Annual Meeting of Stockholders To Be Held on June 20, 2024 The enclosed proxy is solicited on behalf of the Board of Directors (the "Board") of SJW Group, a Delaware corporation ("SJW Group" or the "Corporation"), for use at SJW Group's Annual Meeting of Stockholders to be held on Thursday, June 20, 2024 at 2:00 PM Eastern Time and at any adjournment or postponement thereof. The Annual Meeting will be held at the offices of The Connecticut Water Company, 93 West Main Street in Clinton, Connecticut 06413. We are distributing proxy materials to stockholders primarily via the Internet under the SEC's "Notice and Access" rules, thereby capturing cost and environmental benefits. We expect to mail or otherwise make available, on or about April 26, 2024, the Notice Regarding the Availability of Proxy Materials that contains information about the Annual Meeting and instructions on how to view all proxy materials, including our Annual Report on Form 10-K, on the Inte