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

Michelle R. Mortensen, VP, Corporate Secretary & Chief of Staff at California Water Service Group, disposed of 71 shares of common stock to cover tax withholding obligations related to a restricted stock award.

Summary

• Michelle R. Mortensen, VP, Corporate Secretary & Chief of Staff of California Water Service Group (CWT), reported a transaction on June 5, 2025.
• The transaction involved the disposition of 71 shares of 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 (RSA) #809.
• Following this transaction, Michelle R. Mortensen beneficially owns 12,752.8 shares of Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares for tax withholding purposes related to a restricted stock award vesting, indicating a neutral impact on company operations or outlook.

Positives

• The transaction indicates the vesting of Restricted Stock Award #809 for Michelle R. Mortensen, signifying the realization of executive compensation.

Negatives

• There are no direct negatives for the company's operations or financial health as this is a routine, non-discretionary transaction for tax purposes.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: A minor reduction in insider beneficial ownership due to tax withholding, which is a standard part of executive compensation and not indicative of a change in management's confidence.

Key Dates

Recommendation

Keywords

SEC Form 4, Insider Transaction, California Water Service Group, CWT, Michelle R. Mortensen, Stock Disposition, Tax Withholding, Restricted Stock Award, Executive Compensation