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

Michael B. Luu, Senior Vice President of Corporate Services and Chief Risk Officer at California Water Service Group, disposed of 67 shares of common stock to cover tax withholding obligations related to a restricted stock award.

Summary

• Michael B. Luu, Sr. VP Corp Svcs & Chief Risk of California Water Service Group (CWT), reported a transaction on June 5, 2025.
• The transaction involved the disposition of 67 shares of CWT common stock at a price of $45.85 per share.
• This disposition was made to the issuer (California Water Service Group) to satisfy tax withholding obligations arising from the vesting of Restricted Stock Award #794.
• Following this transaction, Mr. Luu beneficially owns 22,434.02 shares of CWT common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction related to tax obligations from a vested equity award, which is a common occurrence for executives.

Positives

• The transaction indicates the vesting of a Restricted Stock Award, which is a positive event for the executive as it represents earned compensation.
• The disposition of shares for tax withholding is a routine and expected part of equity compensation plans, demonstrating compliance with tax obligations.

Negatives

• No negative implications are directly indicated by this routine tax-related disposition of shares.

Risks

• No new or specific company risks are identified or discussed within this Form 4 filing, as it pertains solely to an insider's individual stock transaction.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook, as its purpose is to report an individual insider's stock transaction.

Industry Context

This filing is a routine insider transaction report specific to an executive at California Water Service Group. It does not provide broader industry context or trends within the water utility sector, as its scope is limited to individual stock ownership changes.

Related Party Transactions

• The transaction involves the disposition of shares to the issuer (California Water Service Group) to satisfy tax withholding obligations related to an equity award, which is a standard related-party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a small, routine transaction by an executive for tax purposes, not indicative of a change in company fundamentals or strategy.
• Employees: No direct impact on the broader employee base.
• Customers: No direct impact on customers or service delivery.
• Suppliers: No direct impact on supplier relationships.

Next Steps

• No specific future actions or milestones for the company are mentioned in this Form 4 filing, as it solely reports a past insider transaction.

Key Dates

Keywords

California Water Service Group, CWT, Form 4, Insider Transaction, Stock Disposition, Restricted Stock Award, Tax Withholding, Executive Compensation, Michael B. Luu