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

Shawn C. Bunting, Senior Vice President, General Counsel, and Business Development for California Water Service Group, reported a disposition of 45 shares of common stock to cover tax withholding obligations related to a restricted stock award.

Summary

• Shawn C. Bunting, Sr. VP, GC and Business Dev at California Water Service Group (CWT), reported a transaction on June 7, 2025.
• The transaction involved the disposition of 45 shares of CWT common stock.
• The shares were disposed of at a price of $45.62 per share.
• This disposition was made to satisfy tax withholding obligations arising from the vesting of Restricted Stock Award #697.
• Following this transaction, Mr. Bunting directly beneficially owns 3,532 shares of CWT common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is neither inherently positive nor negative for the company's operations or financial health.

Positives

• The transaction indicates the vesting of a restricted stock award, which is a form of executive compensation and can be viewed as a positive for executive retention.

Negatives

• A small number of shares were disposed of, but this was for tax purposes and not a discretionary sale, thus not inherently negative for the company or stock.

Future Outlook

Not applicable; this Form 4 filing reports a past transaction and does not provide any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction for tax purposes and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal impact, as it is a routine tax-related disposition of a small number of shares by an executive.
• Employees, Customers, Suppliers, Creditors: No direct impact.

Key Dates

Keywords

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