Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations

Elissa Y Ouyang, a Chief Procurement & Lead CI at California Water Service Group, sold 52 shares of common stock to cover tax obligations related to vesting of restricted stock.

Summary

• Elissa Y Ouyang, a Chief Procurement & Lead CI at California Water Service Group, sold 52 shares of common stock on December 2, 2024.
• The sale was executed to cover tax withholding obligations arising from the vesting of a Restricted Stock Award.
• The shares were sold at a price of $51.19 per share.
• Following the transaction, Ms. Ouyang directly owns 11,403.4 shares of California Water Service Group common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly listed companies.
• The number of shares sold is relatively small compared to the total holdings of the executive, suggesting this is a routine transaction rather than a significant divestment.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a small sale by an executive to cover tax obligations.

Key Dates

Keywords

insider trading, stock sale, Form 4, California Water Service Group, CWT, executive compensation, restricted stock, tax obligations