Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Shawn C. Bunting, Sr VP, GC & Business Development of California Water Service Group, sold 203 shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 7, 2024, Shawn C. Bunting, Sr VP, GC & Business Development of California Water Service Group, disposed of 203 shares of common stock to cover tax obligations.
- The shares were sold at a price of $46.24 per share.
- Following the transaction, Bunting directly owns 2,476 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes on vested stock), so the sentiment is neutral.
Industry Context
Insider transactions are routinely monitored to assess executive sentiment and potential future performance of the company. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: Sale of 203 shares of CWT common stock by Shawn C. Bunting. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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