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

Elissa Y. Ouyang, Chief Procurement & Lead CI of California Water Service Group, sold 235 shares of common stock on March 7, 2024, to cover tax obligations related to the vesting of restricted stock.

Summary

• On March 7, 2024, Elissa Y. Ouyang, Chief Procurement & Lead CI of California Water Service Group, disposed of 235 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations arising from the vesting of Restricted Stock Award #688.
• The shares were sold at a price of $46.24 per share.
• Following the transaction, Ouyang beneficially owns 11,144.79 shares of California Water Service Group common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations. It doesn't indicate any positive or negative outlook for the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions, allowing investors to see if those with inside knowledge of the company are buying or selling shares.

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