Steven Brill
About Steven Brill
Steven Brill, age 56, is Vice President, IT Operations and Security at Global Water Resources, Inc. (GWRS), serving in this role since November 2019. He holds a B.S. in Computer Information Systems (Western International University) and an M.S. in Business Administration – IT Management (Ashford University), and is a Certified Information Security Manager (CISM) and Certified Cloud Security Professional (CCSP) . Company-wide performance metrics tied to incentives in 2024 included compliance/safety, CapEx execution, Board discretion, and “Further Adjusted EBITDA,” which achieved $23.2M vs a $22.9M budget stretch goal (100% payout for that component) . Over 2022–2024, the company’s Pay vs Performance table shows cumulative TSR values of $92.67 (2022), $91.60 (2023), and $84.52 (2024), alongside net income of $5.789M in 2024, $7.982M in 2023, and $5.506M in 2022 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| a360inc | Vice President, IT Operations and Security | Oct 2018–Nov 2019 | Led IT ops/security at a tech and outsourcing provider for the real estate industry |
Prior experience includes architecting secure, scalable enterprise IT infrastructures across telephony, virtualization, storage, networking, data center, and cloud technologies for mid-market manufacturers; dates and specific employer names not disclosed .
External Roles
No external directorships or public company board roles disclosed for Steven Brill .
Fixed Compensation
Not disclosed for Steven Brill (not a Named Executive Officer in the proxy). The proxy’s compensation tables cover the CEO, CFO, and COO only .
Performance Compensation
Not disclosed for Steven Brill. Company-wide incentive design and outcomes are disclosed and indicative of performance focus.
| Component | Target | Weight | Outcome | Achievement |
|---|---|---|---|---|
| Compliance & Safety (discrete objectives; IT metrics included) | 4 safety objectives; each event reduces by 25% | 25% | No compliance events/safety incidents; goals met | 25.0% |
| Further Adjusted EBITDA vs budget | Budget $22.9M; payout scale tiers | 25% | Actual $23.2M; 100% payout | 25.0% |
| CapEx execution vs budget | CapEx budget $31.0M; overage offsets pool | 25% | Actual CapEx $25.6M; 100% payout | 25.0% |
| Board discretionary (ops, customer service, regulatory/environmental compliance, H&S, water loss metrics) | Discretionary | 25% | Board awarded full amount | 25.0% |
| Total | — | 100% | — | 100% |
Notes:
- RSUs used in annual incentives for NEOs vest ratably over 12 consecutive quarters from grant; restricted stock awards to NEOs vest over three years; company did not award stock options/SARs for 2024 performance .
Equity Ownership & Alignment
- Insider trading activity: Steven Brill reported multiple small open-market purchases in 2024; no sales reported. Beneficial ownership increased modestly across the period, signaling alignment rather than selling pressure.
| Date (Trade) | Transaction | Shares Bought | Price | Beneficially Owned After | Source |
|---|---|---|---|---|---|
| 2024-05-31 | Purchase | 4 | $12.97 | 3,440 | |
| 2024-08-15 | Purchase | 13 | $11.60 | 3,453 | (links to SEC Form 4) |
| 2024-09-11 | Purchase | 6 | $12.74 | 3,459 | |
| 2024-09-30 | Purchase | 7 | $12.57 | 3,466 | |
| 2024-11-27 | Purchase | 22 | $12.05 | 3,488 |
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Ownership as % of shares outstanding: ~0.014% based on 3,488 shares vs 24,226,016 shares outstanding on March 17, 2025 (record date) . Calculation: 3,488 / 24,226,016 ≈ 0.014%.
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Pledging/hedging policy: Company prohibits short sales, options trading, hedging/monetization, margin accounts, and generally prohibits pledging; limited exceptions require Audit & Risk Committee pre-approval .
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Lock-up: Steven Brill was a party subject to lock-up in connection with the March 2025 public offering, limiting near-term selling .
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Section 16 compliance: The company disclosed that Steven Brill had two delinquent Section 16(a) reports in the most recent fiscal year, each reporting one transaction .
Employment Terms
- Employment start date in current role: November 2019 .
- Contract terms, severance, and change-of-control provisions: Not disclosed for Steven Brill. New employment agreements and severance/COC economics are disclosed for CEO/CFO/COO only .
- Clawback/non-compete/non-solicit: Not disclosed for Steven Brill. Insider trading policy governs trading conduct and restricts hedging/pledging .
Investment Implications
- Alignment: Brill’s repeated small open-market purchases and inclusion in the 2025 offering lock-up suggest alignment and minimal near-term selling pressure .
- Ownership scale: His absolute holdings are modest (~3.5K shares, ~0.014%), limiting direct financial alignment signal magnitude; major insider influence at GWRS resides with large shareholders and directors per beneficial ownership table .
- Governance and controls: Company-wide restrictions on hedging/pledging reduce misalignment risks; no pledging by Brill is disclosed .
- Performance linkage: While Brill’s specific incentive mechanics aren’t disclosed, company incentive outcomes are tightly linked to compliance/safety, CapEx execution, and Further Adjusted EBITDA, which achieved targets in 2024—supportive of operating discipline during his tenure .
- Process risk: Two late Section 16 filings are minor administrative flags but not indicative of selling pressure; continued purchases provide a positive trading signal .