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

A California Water Service Group executive, Shannon C. Dean, sold 57 shares of common stock to cover tax obligations related to the vesting of restricted stock.

Summary

• Shannon C. Dean, a Senior Vice President at California Water Service Group, sold 57 shares of common stock on December 2, 2024.
• The sale was executed at a price of $51.19 per share.
• This transaction was to cover tax withholding obligations arising from the vesting of a Restricted Stock Award.
• Following the transaction, Mr. Dean directly owns 20,446 shares of California Water Service Group common stock.

Sentiment

Score: 5

Explanation: The document reflects a neutral event, a routine stock sale for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly listed companies.
• Similar transactions are regularly reported by executives at comparable utility companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

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