Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael B Luu, Sr. VP Corp Svcs & Chief Risk Officer of California Water Service Group, sold 53 shares of common stock on September 9, 2024, to cover tax withholding obligations related to vesting of restricted stock.
Summary
- On September 9, 2024, Michael B Luu, Sr. VP Corp Svcs & Chief Risk Officer of California Water Service Group, disposed of 53 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations arising from the vesting of Restricted Stock Award #684.
- The shares were sold at a price of $54.28 per share.
- Following the transaction, Luu directly owns 21,339.07 shares of California Water Service Group common stock, which includes shares acquired through the Employee Stock Purchase Plan (ESPP).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of transaction: Sale of 53 shares of common stock to cover tax obligations. |
| 09/10/2024 | Date of signature on the Form 4 filing. |
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