Form 4: California Water Service Group Executive Michael Luu Reports Stock Transaction
SEC Form 4 Filing
Michael Luu, Sr. VP Corp Svcs & Chief Risk Officer of California Water Service Group, reports a transaction involving common stock to cover tax obligations.
Summary
- On March 5, 2025, Michael Luu, Sr. VP Corp Svcs & Chief Risk Officer of California Water Service Group, reported a transaction involving the company's common stock.
- The transaction involved the surrender of 270 shares to the issuer to satisfy tax withholding obligations related to a Restricted Stock Award (RSA).
- The price per share for the transaction was $46.65.
- Following the transaction, Luu directly owns 22,502.75 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations from a stock award.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of stock transaction |
| 03/06/2025 | Date of signature on the report |
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