Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Greg A. Milleman, VP of Rates and Regulatory Affairs at California Water Service Group, sold 234 shares of common stock to cover tax obligations arising from the vesting of restricted stock.
Summary
- On March 7, 2024, Greg A. Milleman, VP of Rates and Regulatory Affairs at California Water Service Group, disposed of 234 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of Restricted Stock Award #686.
- The shares were sold at a price of $46.24 per share.
- Following the transaction, Milleman directly owns 9,128.55 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction. It doesn't inherently convey positive or negative sentiment, as it simply reports a factual event.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of the transaction where 234 shares of common stock were disposed of. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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