Form 4: California Water Service Group Corporate Secretary Michelle R. Mortensen Reports Stock Transaction
SEC Form 4 Filing
Michelle R. Mortensen, Corporate Secretary of California Water Service Group, reports the withholding of 233 common stock shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 7, 2024, Michelle R. Mortensen, Corporate Secretary of California Water Service Group, reported a transaction involving the company's common stock.
- A total of 233 shares were withheld and surrendered to the issuer to satisfy tax withholding obligations arising from the vesting of Restricted Stock Award #687.
- The price per share for the transaction was $46.24.
- Following the transaction, Mortensen directly owns 11,178 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of stock transaction (withholding of shares for tax obligations). |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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