CFO of Global Water Resources Keeps Buying Shares Amid Quiet Market, Signaling Confidence in Undervalued Water Utility Stock

Insider Buying at a Time of Market Quiet

On January 30, 2026, Chief Financial Officer and Corporate Secretary Michael J. Liebman added 29 restricted stock units (RSUs) to his portfolio, bringing his total holdings to roughly 9,920 shares. The transaction was executed at the current market price of $8.68, matching the company’s closing price of $8.67 the day before. While the purchase size is modest relative to his cumulative holdings, it signals continued confidence from the CFO in Global Water Resources’ (GWR) trajectory, especially as the stock sits near the bottom of its 52‑week range.

What This Means for Investors

The buy‑to‑sell ratio in GWR’s insider activity remains skewed toward purchases. Since early 2025, Liebman has accumulated over 14,000 shares through a mix of common stock and RSUs, and his most recent transaction does not alter that trend. This pattern of incremental buying suggests that senior management believes the company is undervalued given its current earnings multiple of 53.1 and the fact that the stock is only $0.36 away from its 52‑week low. For investors, a CFO who continues to buy can be a bullish signal, especially in a utilities sector where cash flow stability is a priority.

The Bigger Picture of Insider Activity

GWR’s insider landscape is characterized by small‑volume, frequent transactions. On the same day as Liebman’s purchase, the CEO, President, and several senior executives added RSUs ranging from 45 to 60 shares. The cumulative effect of these buys keeps the insider‑holding ratio high, which can mitigate short‑term volatility. However, the lack of large sell‑off events—most insider trades have been purchases—suggests that management is not rushing to divest, reinforcing the view that the company’s long‑term prospects remain solid.

Liebman’s Historical Trading Profile

Liebman’s transaction history illustrates a disciplined, long‑term approach. From November 2025 back to July 2025, he has executed a series of RSU purchases totaling more than 140 shares, often in clusters of 36 or 38 shares. His common‑stock sales, which occurred in late September 2025, were modest (≈2,400 shares) and executed at a premium of $10.30—well above the market price at the time. This selective selling, coupled with continued RSU accumulation, indicates that Liebman is using RSUs as a retention and incentive tool rather than a quick cash‑out strategy.

Outlook for GWR

With a market cap of roughly $249 million and a price‑to‑earnings ratio that points to high valuation, GWR is positioned in a niche sector where regulatory certainty and steady cash flows dominate. The CFO’s continued buying, along with the broader insider optimism, may buoy the stock as the company’s dividend policy stabilizes and operational efficiencies in Arizona’s water utilities generate incremental earnings. For shareholders, the key metrics to watch will be cash‑flow generation, regulatory renewals, and any future RSU grants that could influence the supply of shares on the market.