STOCK TITAN

Global Water Resources (GWRS) grants 63 restricted stock units to CFO

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Form Type
4

Rhea-AI Filing Summary

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

Global Water Resources, Inc. reported that its CFO and Corporate Secretary, Michael J. Liebman, received a grant of 63 Restricted Stock Units on 2026-07-31. Each RSU is the economic equivalent of one share of common stock and becomes exercisable upon vesting, with no set expiration date. Following this award, Liebman directly holds 17,908 RSUs.

Positive

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Negative

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Insider Liebman Michael J
Role CFO and Corporate Secretary
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1, F2 63 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 17,908 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.
Restricted Stock Units granted 63 RSUs granted to Michael J. Liebman on 2026-07-31
RSUs held after transaction 17,908 Total Restricted Stock Units directly held by Michael J. Liebman following the grant
Transaction price per RSU $0.0000 Reported transaction price per Restricted Stock Unit for the award
RSU to common share ratio 1 Each RSU is the economic equivalent of one share of common stock
Restricted Stock Units financial
"Security title reported as Restricted Stock Units, a derivative tied to common stock"
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 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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FAQ

What insider transaction did Global Water Resources (GWRS) disclose for Michael J. Liebman?

Global Water Resources disclosed that CFO and Corporate Secretary Michael J. Liebman received 63 Restricted Stock Units (RSUs) on 2026-07-31. Each RSU is the economic equivalent of one share of common stock and becomes exercisable upon vesting without a specified expiration date.

How many Restricted Stock Units does the GWRS CFO hold after this Form 4 transaction?

After the reported grant, CFO Michael J. Liebman holds 17,908 Restricted Stock Units. These RSUs are derivative securities tied to Global Water Resources common stock, with each RSU representing the economic equivalent of one share of common stock when vested.

What is the nature of the securities granted to the GWRS CFO in this filing?

The securities granted are Restricted Stock Units, classified as derivative securities. Each RSU is the economic equivalent of one share of Global Water Resources common stock, is exercisable at the time of vesting, and does not carry a fixed expiration date.

Was any purchase price paid for the RSUs granted to the GWRS CFO?

The transaction reports a price of $0.0000 per Restricted Stock Unit, indicating a grant or award rather than an open-market purchase. The transaction code is "A", described as a grant, award, or other acquisition of derivative securities.

Are the GWRS CFO’s Restricted Stock Units immediately exercisable or subject to vesting?

The Restricted Stock Units become exercisable at the time of vesting. A footnote states that the RSUs are exercisable when they vest and do not have a set expiration date, linking exercisability to the vesting schedule rather than immediate exercise.
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CFO and Corporate Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)07/31/2026A63 (2) (2)Common Stock63$017,908D
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-fact08/04/2026
** Signature of Reporting PersonDate
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)