Global Water Resources (GWRS) CFO receives 72 restricted stock units in equity grant

Rhea-AI Filing Summary

Liebman Michael J reported acquisition or exercise transactions in this Form 4 filing.

Global Water Resources, Inc. reported that CFO and Corporate Secretary Michael J. Liebman received a grant of 72 restricted stock units on common stock. Each RSU is the economic equivalent of one share of common stock and becomes exercisable at the time of vesting.

After this award, Liebman directly holds 20,702 shares or share-equivalent units. The RSUs do not have a set expiration date, reflecting a routine, compensation-related equity grant rather than an open-market transaction.

Insights

Equity compensation analyst

Routine RSU grant increases CFO’s equity stake without open‑market buying.

The CFO received 72 restricted stock units, each equal to one common share. This is characterized as a grant or award, a standard form of stock-based compensation designed to align executives with shareholders rather than a discretionary market purchase.

The units vest over time and are exercisable at vesting with no fixed expiration, which encourages longer-term retention. After the grant, the CFO’s direct holdings total 20,702 shares or equivalents, indicating the transaction is modest in size and typical for ongoing executive compensation.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Liebman Michael J

Role CFO and Corporate Secretary

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	72	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 20,702 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
2. F2. The RSUs are exercisable at time of vesting and do not have a set expiration date.

Key Figures

RSUs granted: 72 units Holdings after transaction: 20,702 shares/units RSU-to-share ratio: 1:1

3 metrics

RSUs granted 72 units Restricted Stock Units granted to CFO on 2026-05-29

Holdings after transaction 20,702 shares/units Total direct holdings following RSU grant

RSU-to-share ratio 1:1 Each RSU equals one share of common stock

Key Terms

Restricted Stock Units, economic equivalent, exercisable at time of vesting

3 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

economic equivalent financial

"Each restricted stock unit ("RSU") is the economic equivalent of one share"

exercisable at time of vesting financial

"The RSUs are exercisable at time of vesting and do not have a set expiration date"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/02/2026 - 06:20 PM Accepted by SEC EDGAR 06/02/2026 - 06:20 PM Learn about SEC filing dates

FAQ

What insider transaction did Global Water Resources (GWRS) report for its CFO?

Global Water Resources reported that CFO Michael J. Liebman received a grant of 72 restricted stock units. These RSUs are part of his compensation package and represent the right to receive an equal number of common shares upon vesting.

How many shares does the GWRS CFO hold after the latest Form 4 filing?

Following the RSU grant, CFO Michael J. Liebman directly holds 20,702 shares or share-equivalent units of Global Water Resources common stock. This total includes the newly awarded 72 restricted stock units reported in the Form 4 filing.

Are the GWRS CFO’s restricted stock units a market purchase or a compensation award?

The 72 restricted stock units reported for the GWRS CFO are a grant or award acquisition, not an open-market share purchase. They form part of his equity compensation and become exercisable as they vest over time according to the company’s plan.

What does each RSU awarded to the GWRS CFO represent?

Each restricted stock unit granted to the GWRS CFO is the economic equivalent of one share of Global Water Resources common stock. Once vested, these RSUs can be settled in shares, aligning the executive’s interests with long-term shareholder value.

Do the GWRS CFO’s restricted stock units have an expiration date?

The restricted stock units granted to the GWRS CFO do not have a set expiration date. According to the disclosure, they become exercisable at the time of vesting, which means their usability is tied to vesting conditions rather than a fixed calendar deadline.

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^*

Liebman Michael J

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N 19TH AVENUE #220

(Street)

PHOENIX ARIZONA 85027

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and Corporate Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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

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

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

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)	05/29/2026		A		72		(2)	(2)	Common Stock	72	$0	20,702	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 exercisable at time of vesting and do not have a set expiration date.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)