Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Greg A. Milleman, VP of Rates and Regulatory Affairs at California Water Service Group, sold 52 shares of common stock to cover tax obligations related to vesting restricted stock.
Summary
- On June 7, 2024, Greg A. Milleman, VP of Rates and Regulatory Affairs at California Water Service Group, disposed of 52 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of Restricted Stock Award #686.
- The shares were sold at a price of $47.59 per share.
- Following the transaction, Milleman directly owns 9,081.75 shares of California Water Service Group common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, which is a normal part of executive compensation. There's no indication of anything negative or overly positive.
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.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of the transaction (stock sale) |
| 06/10/2024 | Date of signature on the Form 4 filing |
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