Form 4: California Water Service Group Executive Reports Stock Transactions

Greg A. Milleman, VP of Rates and Regulatory Affairs at California Water Service Group, reports acquisition and disposal of company stock.

Summary

• On March 3, 2025, Greg A. Milleman acquired 1,814 shares of common stock and disposed of 977 shares to cover tax obligations related to a Performance Stock Unit (PSU) award.
• An additional 58 shares were disposed of to cover tax obligations related to a Restricted Stock Award (RSA).
• On March 4, 2025, Milleman acquired 1,653 shares of restricted stock.
• Following these transactions, Milleman beneficially owns 11,690.75 shares of California Water Service Group stock.
• The PSU vested in full based on satisfaction of certain performance criteria approved by the Board of Directors, resulting in a 112% payout of the original goal.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports stock transactions. The PSU vesting at 112% is a slightly positive indicator.

Positives

• The vesting of the Performance Stock Unit at 112% suggests the achievement of performance goals set by the Board of Directors.

Future Outlook

The restricted stock vests over time, with one-third vesting on March 4, 2026, and the remaining two-thirds vesting quarterly over the subsequent 24 months.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly altering the ownership structure.

Key Dates