Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Shannon C. Dean, a Senior VP at California Water Service Group, sold 57 shares of common stock on June 7, 2024, to cover tax obligations related to the vesting of restricted stock.
Summary
- On June 7, 2024, Shannon C. Dean, a Senior VP at 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 Restricted Stock Award #671.
- The shares were sold at a price of $47.59 per share.
- Following the transaction, Dean directly owns 20,600.7 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock transaction for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of the stock transaction (sale of shares). |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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