Global Water Resources CEO Receives 60 RSUs; Ownership Now 22,760 Shares

Rhea-AI Filing Summary

Ronnie L. Fleming, who serves as President, CEO and a director of Global Water Resources, Inc. (GWRS), was granted 60 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 award is fully vested and immediately exercisable with no set expiration date. The transaction was reported as an acquisition with a grant price of $0. Following this award, Mr. Fleming is reported to beneficially own 22,760 shares of common stock in a direct ownership form.

Positive

• Immediate alignment: The RSUs are fully vested and immediately exercisable, creating immediate equity alignment between the CEO and shareholders.
• Clear reporting: The Form 4 discloses the exact number of RSUs (60) and resulting direct beneficial ownership (22,760 shares), offering transparency.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A small, fully vested equity grant to the CEO aligns interests but appears routine and not material.

The filing reports a grant of 60 RSUs to the company's President and CEO that are fully vested and immediately exercisable. From a governance perspective, immediate vesting can signal recognition or retention intent, but the award size disclosed here is limited in absolute terms. The report shows direct beneficial ownership of 22,760 shares after the grant, which provides context on the officer’s existing stake. No change in control, option expirations, or unusual vesting schedules are disclosed.

Securities/Compensation Analyst

TL;DR: The transaction is an equity grant recorded under Section 16; its magnitude is small relative to typical executive packages.

The Form 4 documents acquisition of 60 RSUs at a $0 price, each representing one share and lacking an expiration date. The units are fully vested upon grant. As reported, the transaction increases the reporting person's direct holdings to 22,760 shares. There is no disclosure of cash compensation, performance conditions, or material derivative activity tied to this filing, suggesting a straightforward, non-complex grant.

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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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^*

Fleming Ronnie L

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

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		60		(2)	(2)	Common Stock	60	$0	22,760	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 and immediately exercisable. The RSUs do not have a set expiration date.

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

What did GWRS insider Ronnie L. Fleming acquire according to the Form 4?

The Form 4 reports acquisition of 60 restricted stock units (RSUs), each equivalent to one share of GWRS common stock.

Are the RSUs granted to GWRS CEO Ronnie L. Fleming vested or time‑locked?

The RSUs are reported as fully vested upon grant and immediately exercisable.

How many GWRS shares does Ronnie L. Fleming beneficially own after this transaction?

The filing reports 22,760 shares beneficially owned by Ronnie L. Fleming in direct form following the transaction.

What price was recorded for the RSUs in the Form 4 for GWRS?

The transaction is reported with a grant price of $0 per RSU.

Does the Form 4 disclose any expiration date for the RSUs granted to GWRS's CEO?

The filing states the RSUs do not have a set expiration date.