Form 4: California Water Service Group Executive Reports Stock Transaction
SEC Form 4 Filing
Michael S. Mares Jr., Vice President of Operations at California Water Service Group, reports a transaction involving common stock to cover tax obligations.
Summary
- On June 1, 2024, Michael S. Mares Jr., Vice President of Operations at California Water Service Group, reported a transaction involving the company's common stock.
- The transaction involved the withholding and surrender of 45 shares to cover tax obligations related to the vesting of Restricted Stock Award #642.
- The price per share for the transaction was $49.89.
- Following the transaction, Mares directly owns 7,548.59 shares of California Water Service Group common stock, which includes shares acquired through Dividend Reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral 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 a routine tax-related stock transaction.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of stock transaction |
| 06/04/2024 | Date of signature on the Form 4 filing |
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