Form 4: California Water Service Group CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Martin A. Kropelnicki, Chairman, President & CEO of California Water Service Group, sold 332 shares of common stock on September 9, 2024, to cover tax obligations related to vesting of restricted stock.
Summary
- On September 9, 2024, Martin A. Kropelnicki, the Chairman, President, and CEO of California Water Service Group, disposed of 332 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations arising from the vesting of Restricted Stock Award #692.
- The shares were sold at a price of $54.28 per share.
- Following the transaction, Kropelnicki directly owns 129,873.5 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction to cover tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of transaction: Sale of 332 shares of common stock. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
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