Form 4: California Water Service Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Shannon C. Dean, SR. VP, Cust Svc & Chief Sust. of California Water Service Group, disposed of 314 shares of common stock on March 5, 2025, to cover tax withholding obligations.
Summary
- On March 5, 2025, Shannon C. Dean, a Senior VP at California Water Service Group, disposed of 314 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to a Restricted Stock Award (RSA).
- The shares were sold at a price of $46.65 per share.
- Following the transaction, Dean directly owns 22,479.02 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey 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 particular filing indicates a sale of shares 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 by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of the stock transaction (disposal of shares). |
| 03/06/2025 | Date of signature on the Form 4 filing. |
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