Form 4: California Water Service Group Executive Disposes of Shares for Tax Obligations

Shawn C. Bunting, Senior VP, General Counsel, and Business Development at California Water Service Group, disposed of 67 shares of common stock to cover tax withholding obligations related to a restricted stock award.

Summary

• The filing is a Form 4, reporting a change in beneficial ownership of securities by an insider.
• The reporting person is Shawn C. Bunting, who holds the titles of Senior VP, General Counsel, and Business Development at California Water Service Group (CWT).
• On June 5, 2025, Mr. Bunting disposed of 67 shares of Common Stock.
• The shares were disposed of at a price of $45.85 per share.
• This disposition was coded as 'F', indicating shares withheld by and surrendered to the issuer to satisfy tax withholding obligations arising from a Restricted Stock Award (RSA) 836.
• Following this transaction, Shawn C. Bunting beneficially owns 3,577 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate a positive or negative fundamental change for the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction specific to California Water Service Group and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction related to executive compensation and tax obligations.

Key Dates

Recommendation

Keywords

California Water Service Group, CWT, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Award, Shawn Bunting