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

Michelle R. Mortensen, VP, Corp Sec & Chief of Staff of California Water Service Group, sold shares to cover tax obligations related to vesting of restricted stock.

Summary

• On September 3, 2024, Michelle R. Mortensen, VP, Corp Sec & Chief of Staff of California Water Service Group, disposed of 57 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of a Restricted Stock Award (RSA).
• The shares were sold at a price of $55.33 per share.
• Following the transaction, Mortensen directly owns 11,018.8 shares of California Water Service Group common stock.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no indication of positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.

Key Dates