Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ronald D. Webb, VP of Human Resources at California Water Service Group, sold a portion of his common stock to cover tax obligations related to the vesting of restricted stock.
Summary
- On June 7, 2024, Ronald D. Webb, VP of Human Resources at California Water Service Group, engaged in a transaction involving the company's common stock.
- Webb disposed of 51 shares of common stock at a price of $47.59 per share to satisfy tax withholding obligations related to the vesting of Restricted Stock Award #691.
- Following the transaction, Webb directly owns 25,987.08 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't indicate a change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of the transaction where Ronald D. Webb disposed of shares to cover tax obligations. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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