Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Shawn C. Bunting, Sr. VP, GC and Business Dev at California Water Service Group, sold 45 shares of common stock on June 7, 2024, to cover tax obligations related to vesting of restricted stock.
Summary
- On June 7, 2024, Shawn C. Bunting, a Senior Vice President at California Water Service Group, disposed of 45 shares of common stock.
- The transaction was executed to cover tax withholding obligations arising from the vesting of Restricted Stock Award #697.
- The shares were sold at a price of $47.59 per share.
- Following the transaction, Bunting directly owns 2,431 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (selling shares to cover taxes) with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. This transaction appears to be a standard sale to cover tax obligations.
Stakeholder Impact
- The sale of 45 shares is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of transaction: Shawn C. Bunting sold 45 shares of CWT stock. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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