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Equity Plans | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Equity Plans | Equity Plans SJW Group’s long-term incentive plans provide employees, non-employee board members or the board of directors of any parent or subsidiary, consultants, and other independent advisors who provide services to the company or subsidiary the opportunity to acquire an equity interest in SJW Group. SJW Group also maintains stock plans in connection with its acquisition of CTWS which are no longer granting new stock awards. In addition, shares are issued to employees under SJW Group’s employee stock purchase plan (“ESPP”). As of June 30, 2024, 192,750 shares are issuable upon the vesting of outstanding restricted stock units and deferred restricted stock units and an additional 1,034,642 shares are available for award issuances under the long-term incentive plans. A summary of compensation costs charged to income, by award type, and proceeds from the ESPP, are presented below for the three and six months ended June 30, 2024 and 2023:
| Three months ended June 30, |  | Six months ended June 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Compensation costs charged to income: |  |  |  |  |  |  |  |  |  |  |
ESPP | $ | — |  |  | — |  |  | $ | 195 |  |  | 191 |  |  |  |  |
Restricted stock and deferred restricted stock | 1,275 |  |  | 1,139 |  |  | 2,618 |  |  | 2,147 |  |  |  |  |
Total compensation costs charged to income | $ | 1,275 |  |  | 1,139 |  |  | $ | 2,813 |  |  | 2,338 |  |  |  |  |
ESPP proceeds | $ | — |  |  | — |  |  | $ | 1,101 |  |  | 1,080 |  |  |  |  |
Restricted Stock and Deferred Restricted Stock For the three months ended June 30, 2024 and 2023, SJW Group granted 24,692 and 9,610, respectively, one year and three year service-based restricted stock awards with a weighted average grant date fair value per unit of $50.04 and $75.28, respectively. For the six months ended June 30, 2024 and 2023, SJW Group granted 64,482 and 37,342, respectively, one year and three year service-based restricted stock awards with a weighted average grant date fair value per unit of $58.39 and $77.21, respectively. For the three months ended June 30, 2024, SJW Group granted 356 target units of performance-based and market-based restricted stock awards with a weighted average grant date fair value per unit of $52.90 and no performance-based or market-based restricted stock awards were granted in the same period in 2023. For the six months ended June 30, 2024 and 2023, SJW Group granted 45,763 and 31,345 target units, respectively, of performance-based and market-based restricted stock awards with a weighted average grant date fair value per unit of $55.60 and $80.05, respectively. Based upon actual attainment relative to the target performance metric, the number of shares issuable can range between 0% to 150% of the target number of shares for performance-based restricted stock awards, or between 0% and 200% of the target number of shares for market-based restricted stock awards. As of June 30, 2024, the total unrecognized compensation costs related to restricted and deferred restricted stock plans was $7,555. This cost is expected to be recognized over a weighted average period of 2.04 years. Employee Stock Purchase Plan SJW Group’s recorded expenses for its ESPP were $106 and $203 for the three and six months ended June 30, 2024, respectively, and $106 and $196 for the three and six months ended June 30, 2023, respectively. The total unrecognized compensation costs related to the semi-annual offering period that ends July 31, 2024, for the ESPP is approximately $35. This cost is expected to be recognized during the third quarter of 2024.

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- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent + Details
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