Form 4: California Water Service Group CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Martin A. Kropelnicki, Chairman, President, and CEO of California Water Service Group, sold 332 shares of common stock to cover tax obligations related to vesting of restricted stock.
Summary
- On June 7, 2024, Martin A. Kropelnicki, 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 related to the vesting of Restricted Stock Award #692.
- The shares were sold at a price of $47.59 per share.
- Following the transaction, Kropelnicki directly owns 130,469.5 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock awards, a common practice.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of the transaction where 332 shares were disposed of to cover tax obligations. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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