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 shares to cover tax obligations related to vesting restricted stock.
Summary
- Ronald D. Webb, VP of Human Resources at California Water Service Group, filed a Form 4.
- On June 1, 2024, Webb sold 51 shares of common stock at $49.89 per share to satisfy tax withholding obligations related to the vesting of Restricted Stock Award #649.
- Following the transaction, Webb beneficially owns 24,422.08 shares of California Water Service Group common stock, which includes shares acquired through the Employee Stock Purchase Plan and Dividend Reinvestment.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (selling shares to cover taxes), so it's neutral. The executive still holds a significant number of shares.
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.
Stakeholder Impact
- The sale of a small number of shares by an executive is unlikely to have a significant impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of the stock sale transaction. |
| 06/04/2024 | Date of the Form 4 filing. |
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