Form 4: California Water Service Group Executive Reports Routine Stock Disposition for Tax Obligations
Insider Transaction Report
A senior executive at California Water Service Group reported a routine disposition of 71 common shares 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 5, 2025.
- The transaction involved the disposition of 71 shares of Common Stock.
- These shares were surrendered to the issuer at a price of $45.85 per share to satisfy tax withholding obligations arising from a Restricted Stock Award (RSA).
- Following this transaction, Shannon C. Dean directly beneficially owns 22,365 shares of Common Stock.
Sentiment
Score: 5
Explanation: The document reports a routine, non-discretionary insider transaction (tax withholding) which is neutral in sentiment and expected as part of equity compensation plans.
Future Outlook
The document is a routine insider transaction report and does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing is a standard regulatory disclosure for insider transactions and does not provide broader industry context or trends. It reflects a routine compliance activity for executives receiving equity compensation.
Related Party Transactions
- The transaction involves the disposition of shares to the issuer (California Water Service Group) to satisfy tax withholding obligations related to a Restricted Stock Award, which is a common and standard practice for equity compensation.
Stakeholder Impact
- The impact on shareholders is minimal as this is a routine, non-discretionary transaction by an executive to cover tax liabilities on vested equity awards, not a sale for personal liquidity or a reflection of management's view on the stock's future performance.
Key Dates
| Date | Description |
|---|---|
| 06/05/2025 | Date of transaction where shares were disposed of for tax withholding. |
| 06/09/2025 | Date the Form 4 was signed by Michelle Mortensen on behalf of Shannon Dean. |
Keywords
California Water Service Group, CWT, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Award, Shannon C. Dean, Corporate Governance
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