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

Michael S. Mares Jr., a Senior Vice President at California Water Service Group, sold 177 shares of common stock to cover tax obligations arising from the vesting of restricted stock.

Summary

• On March 7, 2024, Michael S. Mares Jr., a Senior Vice President at California Water Service Group, disposed of 177 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of Restricted Stock Award #685.
• The shares were sold at a price of $46.24 per share.
• Following the transaction, Mares directly owns 9,193.51 shares of California Water Service Group common stock.

Sentiment

Score: 5

Explanation: The document reflects a neutral sentiment as it reports a routine transaction related to tax obligations. It doesn't indicate any significant positive or negative implications for the company.

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 transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates