Form 4: California Water Service Group: CEO Kropelnicki Reports Share Transaction
SEC Form 4 Filing
CEO Martin A. Kropelnicki reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock.
Summary
- On March 7, 2025, Martin A. Kropelnicki, Chairman, President, and CEO of California Water Service Group, reported a transaction on SEC Form 4.
- 332 shares of common stock were disposed of to cover tax withholding obligations related to the vesting of Restricted Stock Award #692.
- The transaction price was $47.9 per share.
- Following the transaction, Kropelnicki beneficially owns 141,360.97 shares of California Water Service Group common stock, which includes shares acquired through the Employee Stock Participation Program.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects a routine transaction for tax purposes and doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction to cover tax obligations related to vested stock awards, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of the reported transaction (disposal of shares for tax obligations). |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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