Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations

Shannon C. Dean, a Senior VP at California Water Service Group, sold 58 shares of common stock on June 1, 2024, to cover tax obligations related to a restricted stock award.

Summary

• On June 1, 2024, Shannon C. Dean, a Senior VP at California Water Service Group, disposed of 58 shares of common stock.
• The transaction was executed to cover tax withholding obligations related to the vesting of a Restricted Stock Award (RSA).
• The shares were sold at a price of $53.16 per share.
• Following the transaction, Dean directly owns 19,041.7 shares of California Water Service Group common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and does not indicate any significant positive or negative sentiment.

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