Global Water (GWRS) CFO exercises RSUs and returns 2,929 shares to issuer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Global Water Resources CFO Michael J. Liebman reported routine equity compensation activity and an internal share disposition. He exercised 2,929 restricted stock units (RSUs), receiving the same number of common shares at $0.00 per share, and then disposed of 2,929 common shares to the issuer at $7.24 per share, leaving 89,065 common shares held directly.
Separately, he was granted 72 new RSUs, bringing his RSU balance to 20,774 units, each economically equivalent to one share of common stock. In addition, 7,000 common shares are held indirectly in his spouse’s IRA, for which he disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,929 shares exercised/converted
Mixed
5 txns
Insider
Liebman Michael J
Role
CFO and Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 72 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,929 | $0.00 | -- |
| Exercise | Common Stock | 2,929 | $0.00 | -- |
| Disposition | Common Stock | 2,929 | $7.24 | $21K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 20,774 shares (Direct, null);
Common Stock — 91,994 shares (Direct, null);
Common Stock — 7,000 shares (Indirect, Spouse IRA)
Footnotes (1)
- Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company"). Held by spouse's IRA. Reporting person disclaims beneficial ownership except to the extent of pecuniary interest therein. The RSUs are exercisable at time of vesting and do not have a set expiration date. The RSUs are fully vested upon grant and immediately exercisable. The RSUs do not have a set expiration date. The total includes prior grants that have different vesting and expiration dates, as previously reported by the reporting person.
Key Figures
RSUs exercised: 2,929 units
Shares disposed to issuer: 2,929 shares
Direct common shares after transactions: 89,065 shares
+4 more
7 metrics
RSUs exercised
2,929 units
Exercised into 2,929 common shares at $0.00 per share on 2026-06-30
Shares disposed to issuer
2,929 shares
Disposition to issuer at $7.24 per share on 2026-06-30
Direct common shares after transactions
89,065 shares
Direct ownership following transactions on 2026-06-30
Indirect spouse IRA holdings
7,000 shares
Common stock held in spouse’s IRA; beneficial ownership disclaimed
RSUs outstanding after transactions
20,774 units
Total restricted stock units after grants and exercises
New RSU grant
72 units
New restricted stock unit award to CFO on 2026-06-30
Disposition price
$7.24 per share
Price for 2,929 shares returned to issuer
Key Terms
Restricted Stock Units, Disposition to issuer, Spouse IRA, beneficial ownership
4 terms
Restricted Stock Units financial
"The RSUs are fully vested upon grant and immediately exercisable."
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.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Spouse IRA financial
"Held by spouse's IRA. Reporting person disclaims beneficial ownership"
beneficial ownership financial
"Reporting person disclaims beneficial ownership except to the extent of pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
