Form 4: California Water Service Group Executive Reports Routine Stock Disposition for Tax Obligations

Michelle R. Mortensen, VP, Corporate Secretary & Chief of Staff at California Water Service Group, reported a routine disposition of 57 shares of common stock to cover tax withholding obligations related to a restricted stock award.

Summary

• Michelle R. Mortensen, the Vice President, Corporate Secretary & Chief of Staff of California Water Service Group (CWT), filed a Form 4.
• The filing reports a disposition of 57 shares of Common Stock on June 7, 2025, at a price of $45.62 per share.
• This transaction was coded 'F', indicating shares were withheld and surrendered to the issuer to satisfy tax withholding obligations.
• The shares were withheld in connection with the vesting of Restricted Stock Award #687.
• Following this transaction, Ms. Mortensen beneficially owns 12,695.8 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary disposition of shares for tax withholding purposes, which is a common event upon the vesting of restricted stock awards and does not indicate a change in company fundamentals or management's outlook.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• This routine insider transaction has minimal direct impact on shareholders, employees, customers, suppliers, or creditors, as it is a standard procedure for managing equity compensation and tax obligations.

Key Dates

Keywords

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