Global Water Resources director receives fully vested 43 RSU award

Rhea-AI Filing Summary

Brett Huckelbridge, a director of Global Water Resources, Inc. (GWRS), was granted 43 restricted stock units (RSUs) on 08/29/2025. Each RSU is the economic equivalent of one share of the company's common stock and the grant is reported at a $0 price. The RSUs are fully vested upon grant but are only redeemable when the reporting person ceases to be a director, with redemption terms referenced in the company Omnibus plans incorporated by the company’s Form 10-K. After the grant, the reporting person beneficially owns 11,548 shares of common stock. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/02/2025.

Positive

• 43 RSUs granted and fully vested, immediately increasing the reporting person's economic ownership
• Post-grant beneficial ownership of 11,548 shares, indicating continued director ownership stake
• Grant reported at $0, consistent with a service-based director award rather than a purchase

Negative

• RSUs are redeemable only upon cessation of directorship, creating restricted liquidity for the grantee until they leave the board
• Grant size is modest (43 RSUs) and may not materially change shareholder dynamics

Insights

Financial Analyst

TL;DR: Director received a small, fully vested RSU award increasing ownership to 11,548 shares, aligning incentives without immediate cash cost.

The 43-RSU grant is modest relative to typical director compensation but notable because the awards are fully vested on grant, which immediately increases the reporting person's economic exposure to the company's stock. The reported price of $0 indicates a service-based or board grant rather than a purchase. Because redemption is restricted until cessation of directorship, the award enhances long-term alignment while limiting short-term liquidity for the recipient.

Corporate Governance Expert

TL;DR: Grant structure (fully vested but redeemable only upon leaving the board) is a governance tool to tie retention and alignment to continued board service.

The RSUs being fully vested upon grant but redeemable only upon termination of board service suggests a design to reward and retain directors while preventing immediate conversion to cash or shares. The Form 4 properly discloses the economic equivalence and references governing omnibus plan terms in the 10-K, which is standard practice for director equity awards. No deviations or material governance concerns are evident from the filing alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Huckelbridge Brett

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N 19TH AVE, SUITE #205

(Street)

PHOENIX AZ 85027

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Global Water Resources, Inc. [ GWRS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	08/29/2025		A		43		(2)	(2)	Common Stock	43	$0	11,548	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").

2. The RSUs are fully vested upon grant. In addition, the RSUs are only permitted to be redeemed upon the reporting person ceasing to be a director of the Company. Redemption requirements are detailed within the Omnibus plans incorporated by reference within our latest filed 10-K.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	09/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 4 for GWRS and what is their role?

Brett Huckelbridge, identified as a Director of Global Water Resources, Inc., is the reporting person on this Form 4.

What equity did the GWRS director receive on 08/29/2025?

The director was granted 43 restricted stock units (RSUs) on 08/29/2025, each equivalent to one share of common stock.

Are the RSUs vested and when can they be redeemed?

The RSUs are reported as fully vested upon grant but are only permitted to be redeemed when the reporting person ceases to be a director; terms are in the company Omnibus plans.

How many shares does the reporting person own after the transaction?

Following the reported transaction the reporting person beneficially owns 11,548 shares of common stock.

What price was reported for the RSU grant?

The reported price for the RSU grant is $0, indicating a grant rather than a purchase.