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

A California Water Service Group executive disposed of 57 shares of common stock to cover tax withholding obligations related to a restricted stock award.

Summary

• Shannon C. Dean, SR. VP, Cust Svc & Chief Sust. at California Water Service Group (CWT), reported a transaction on June 7, 2025.
• The transaction involved the disposition of 57 shares of CWT Common Stock at a price of $45.62 per share.
• These shares were withheld by and surrendered to the issuer to satisfy tax withholding obligations arising from the vesting of Restricted Stock Award (RSA) #671.
• Following this transaction, Shannon C. Dean beneficially owns 22,308 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine administrative transaction (tax withholding) and does not indicate a discretionary sale or purchase by the insider, nor does it reflect on the company's operational performance.

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 related to executive compensation and tax obligations, which is common across all industries for publicly traded companies with equity compensation plans.

Stakeholder Impact

• Shareholders: Minimal impact as this is a small, routine transaction for tax purposes and does not reflect a change in management's confidence or a significant shift in ownership.

Key Dates

Keywords

California Water Service Group, CWT, Form 4, insider transaction, restricted stock award, tax withholding, executive compensation