Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Shannon C. Dean, a Senior VP at California Water Service Group, sold 57 shares of common stock on September 9, 2024, to cover tax obligations related to vesting of restricted stock.
Summary
- On September 9, 2024, Shannon C. Dean, a Senior VP at California Water Service Group, disposed of 57 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of Restricted Stock Award #671.
- The price per share was $54.28.
- Following the transaction, Dean directly owns 20,503 shares of California Water Service Group common stock, which includes shares acquired through the Employee Stock Purchase Plan (ESPP).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects a routine transaction to cover tax obligations, with no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of transaction: Shannon C. Dean disposed of 57 shares of common stock to cover tax obligations. |
| 09/10/2024 | Date of signature on the Form 4 filing. |
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