Form 4: California Water Service Group: Executive Thomas A. Scanlon Reports Stock Transactions

Controller & Principal Accounting Officer Thomas A. Scanlon reports acquisition of restricted stock and disposal of shares to cover tax obligations.

Summary

• On March 4, 2025, Thomas A. Scanlon, Controller & Principal Accounting Officer of California Water Service Group, acquired 992 shares of common stock as restricted stock.
• The restricted stock was granted under the company's equity incentive plan and is exempt under Rule 16-b-3.
• One-third of the restricted stock vests on March 4, 2026, with the remaining two-thirds vesting quarterly over the subsequent 24 months.
• On March 5, 2025, Scanlon disposed of 134 shares of common stock at a price of $46.65 to satisfy tax withholding obligations related to the restricted stock award.
• Following these transactions, Scanlon beneficially owns 4,071.03 shares of California Water Service Group common stock.
• Holdings include shares acquired in ESPP and dividend reinvestment transactions.

Sentiment

Score: 5

Explanation: The document reflects routine insider transactions related to compensation and tax obligations, indicating a neutral sentiment.

Positives

• The grant of restricted stock aligns Scanlon's interests with the long-term performance of the company.
• The equity incentive plan is a common practice to retain and motivate key employees.

Industry Context

Insider transactions are routinely monitored to gauge executive sentiment and potential future performance. This filing represents standard compensation practices.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates