Fleming Ronnie L 4

What Happened
Ronnie L. Fleming, President, CEO and a director of Global Water Resources, Inc. (GWRS), received a grant of 20,903 restricted stock units (RSUs) on 2026-03-20. The RSUs are reported as a derivative award at $0.00 per unit on the Form 4. Each RSU is the economic equivalent of one share of GWRS common stock and will convert into shares as they vest.

Key Details

• Transaction date and type: 2026-03-20 — Grant/Award (code A) of 20,903 RSUs at $0.00 (derivative).
• Vesting/exercise terms: RSUs vest ratably over 12 quarters from the grant date, are exercisable at the time of vesting, and do not have a set expiration date (Footnotes F1–F2).
• Shares owned after transaction: Not specified in the provided filing.
• Aggregate/previous grants: Footnote F3 indicates totals include prior grants with different vesting/expiration schedules previously reported.
• Filing timeliness: Form 4 was filed 2026-03-24 for a 2026-03-20 grant; this meets the SEC two-business-day filing requirement (timely).

Context
RSUs are a form of equity compensation (a derivative representing the right to receive shares upon vesting), not an open-market purchase or sale. They typically reflect compensation or retention incentives rather than an immediate bullish or bearish market signal. This grant increases Fleming’s future potential ownership as the units vest and are exercised into shares.