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 shares to cover tax obligations related to a restricted stock award.
Summary
- On September 3, 2024, Michael B Luu, Sr. VP Corp Svcs & Chief Risk Officer of California Water Service Group, engaged in a transaction involving the company's common stock.
- Luu disposed of 54 shares at a price of $55.33 per share to satisfy tax withholding obligations related to the vesting of a Restricted Stock Award (RSA).
- Following the transaction, Luu directly owns 21,325.92 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock vests.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of transaction: Michael B Luu disposed of shares to cover tax obligations. |
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