Director at Global Water Resources (GWRS) granted 53 fully vested RSUs

Rhea-AI Filing Summary

Alexander Richard M reported acquisition or exercise transactions in this Form 4 filing.

Global Water Resources, Inc. director Alexander Richard M received a grant of 53 restricted stock units (RSUs) on February 27, 2026. Each RSU is economically equivalent to one share of the company’s common stock, bringing his directly held RSU balance to 2,535 units.

The RSUs are fully vested upon grant, meaning the director has earned them immediately. However, they can only be redeemed for shares when he ceases to be a director, as outlined in the company’s omnibus plans referenced in its latest Form 10-K.

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
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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^*

Alexander Richard M

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N 19TH AVENUE #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)
02/27/2026

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)	02/27/2026		A		53		(2)	(2)	Common Stock	53	$0	2,535	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	03/03/2026
	** 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

What insider transaction did Global Water Resources (GWRS) report on this Form 4?

Global Water Resources reported that director Alexander Richard M received 53 restricted stock units. These RSUs were granted at no cash cost and are fully vested upon grant, increasing his directly held RSU balance to 2,535 units equivalent to common shares.

How many restricted stock units did the GWRS director receive and at what price?

The director received 53 restricted stock units with a transaction price per unit of $0.00. This reflects an equity award, not an open-market purchase, and is part of the company’s stock-based compensation for board service at Global Water Resources.

What is the total RSU holding of the GWRS director after this award?

After this award, the director directly holds 2,535 restricted stock units. Each RSU is economically equivalent to one share of Global Water Resources common stock, so this reflects 2,535 share-equivalent units subject to the plan’s redemption conditions.

When do the GWRS restricted stock units granted to the director become vested?

The restricted stock units granted to the director are fully vested upon grant. This means there is no time-based vesting schedule, and the director has earned the full 53 RSUs immediately as part of his compensation package for board service.

When can the GWRS director redeem the restricted stock units for shares?

The RSUs may only be redeemed when the director ceases to be a director of Global Water Resources. Detailed redemption requirements are set out in the company’s omnibus plans, which are incorporated by reference in its most recently filed Form 10-K.

What does it mean that each GWRS RSU is economically equivalent to one share?

Each RSU represents the economic value of one share of Global Water Resources common stock. While RSUs are not shares until redeemed, their value tracks the underlying shares, aligning the director’s compensation with shareholder outcomes over time.