Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michelle R. Mortensen, VP, Corp Sec & Chief of Staff of California Water Service Group, sold shares to cover tax obligations related to vesting restricted stock.
Summary
- On September 9, 2024, Michelle R. Mortensen, VP, Corp Sec & Chief of Staff of California Water Service Group, disposed of 57 shares of common stock.
- The shares were sold at a price of $54.28 per share.
- This transaction was to satisfy tax withholding obligations related to the vesting of Restricted Stock Award #687.
- Following the transaction, Mortensen directly owns 10,961.8 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive sold shares to cover tax obligations, which is a routine transaction.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders trade their company's stock. This filing indicates a routine transaction to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of a small number of shares by an executive is unlikely to have a significant impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of transaction: Michelle R. Mortensen 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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